UAE-Turkish relations prepare for a new era of partnership and cooperation

Foreign Minister Thani bin Ahmed Al Zeyoudi confirmed that Emirati-Turkish relations are preparing for a new era of partnership and constructive cooperation based on the achievement of common interests and the stimulation of mutual economic growth in the two friendly countries .
He said: “Emirati-Turkish relations are currently witnessing a qualitative development in all areas of common interest, thanks to the joint will of the leaders of the two countries to promote these relations to wider horizons, which has been translated by the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Commander-in-Chief of the Armed Forces, to Turkey at the end of 2021, and the visit of Turkish President Recep Tayyip Erdogan to the UAE last February, which led to the signing of about 72 agreements and memoranda of understanding in various fields.

Thani Al Zeyoudi’s statements came at the end of his visit to the head of a high-level Emirati delegation to Turkey, which witnessed the launch of the first round of talks aimed at reaching a comprehensive economic partnership agreement between the two to reach countries aimed at increasing the volume of intra-non-oil trade between them, stimulating mutual investment, and consolidating economic development relations and upgrading them to wider horizons by creating more opportunities for the business communities in the two countries. During this visit, Al-Zeyoudi held a series of meetings with a group of Turkish ministers and senior officials, as well as representatives of the Turkish business community and private sector.
Thani Al-Zeyoudi met with the Turkish Minister of Trade, Mehmet Muş, the Minister of Industry and Technology, Mustafa Varank, the Minister of Energy and Natural Resources, Fatih Donmez, and the Minister of Transport and Infrastructure, Adil Karaismailoğlu.

In Thani Al-Zeyoudi’s meeting with the Turkish Minister of Industry, the two parties praised the positive developments in bilateral relations over the past two years, reaffirming the common interest in supporting these constructive developments and striving to promote these relations. develop and new horizons for areas of collaboration.
The two ministers also discussed ways to develop joint work to benefit from industrial projects in the two countries, and discussed opportunities for cooperation in industrial and technical projects on a bilateral basis, in a way that benefits the economies of the two countries favor.

Thani Al-Zeyoudi and Mustafa Faranek discussed mechanisms for exchanging experiences and the transfer of knowledge between the two sides, and ways to support the growth and development of start-up companies in the two countries.
They also touched on ways to improve joint work to take advantage of modern technologies and digitalisation applications, and they discussed training and rehabilitation programs for young people supporting their entry into the labor market in the industrial and technology sectors.The two ministers have investment opportunities discuss what is available. in the two countries and in other countries, with a focus on sectors of common interest.
In the round table meeting that Thani Al-Zeyoudi and his accompanying delegation brought together with the Turkish Minister of Trade, senior officials and representatives of the business and private sectors in Turkey, the two parties discussed, in the presence of officials of a number of key Turkish companies, opportunities for joint cooperation between the private sector in the two countries, and ways to improve cooperation were also discussed The joint and opportunities for developing relationships and overcoming the challenges of trade and investment between Some potential investment opportunities in the two countries were also offered.
Al Zeyoudi also highlighted the latest developments and incentives in the business environment in the UAE on the Turkish side, and the positive impact of plans to stimulate economic, industrial and investment growth on the ease of doing business in the country in all sectors.

Thani Al-Zeyoudi and the Turkish Minister of Energy and Natural Resources discussed ways to promote joint work to wider horizons, and the various opportunities to improve cooperation between the two countries. Wind and solar energy. The two ministers also agreed on a mechanism to remove any obstacles that could hinder the development and prosperity of bilateral relations between the two countries. They also discussed opportunities for joint cooperation between the UAE and Turkey in other countries. An invitation was also extended to Fateh Donmez to attend the International Utilities Conference, which will be hosted by Abu Dhabi from 9 to 11 May.
In the meeting that His Excellency Thani Al Zeyoudi held with His Excellency Adel Karaismailoglu, Minister of Transport and Infrastructure of Turkey, the two parties emphasized the importance of joint work and the development of bilateral relations, and the expected benefits of the Comprehensive Economic Partnership emphasizes. Agreement between the two countries, and they discussed ways to support joint investment in infrastructure and transport to serve the exchange It was agreed to develop airlines between the two countries during the coming period. An invitation was also extended to the Turkish Minister to attend the Middle East Railway Conference to be held on 17-18 May in Abu Dhabi.

Thani Al-Zeyoudi also held a round table meeting with the Turkish Industry and Business Association during which they reviewed opportunities for cooperation and joint investment. He briefed the members of the association on the latest developments in the business environment in the country and ways discuss to address obstacles to the further development and prosperity of trade, investment and economic relations between the two countries.
In a related context, His Excellency Thani Al Zeyoudi and his accompanying delegation made field trips to Istanbul and Ankara to inspect a number of investment projects affiliated with Emirati companies. Last year, His Excellency also visited the real estate projects of Emaar and Rotana .

Thani Al-Zeyoudi, accompanied by the Turkish Minister of Industry and Technology, His Excellency Mustafa Varank, visited a number of companies in the Information Technology Valley, including the “start-up Roof Stacks” company, which specializes in augmented reality services, game development and financing technology, and Ortem Electronic, specializing in the development of high technology and production In this field, in addition to the user experience center of the Turkish car manufacturing company “TOGG”. His Excellency also visited the Technology Park in Istanbul “Technopark” and was informed about the activities of the industrial and technology companies operating in it.
It is noteworthy that the volume of non-oil intra-regional trade between the UAE and Turkey recorded 50.4 billion dirhams in 2021, a growth of 54% compared to 2020, and 86% compared to 2019, while Turkey more if 3%. of the volume of non-oil foreign trade of the UAE The volume of Emirati investments in Turkey amounted to more than 18.3 billion dirhams at the end of 2020, while the value of Turkish investments in the UAE at the end of 1, 1 billion dirhams. 2019.

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