Istanbul (Al-Ittihad) His Excellency Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, reaffirmed that the 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.
His Excellency said that the emirati-Turkish relations are currently witnessing a qualitative development in all areas of common interest, thanks to the common will of the managements of the two countries to promote these relations to wider horizons, which was translated by his visit. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Commander of the Armed Forces. , to Turkey by the end of 2021, and Turkish President Recep Tayyip Erdogan’s visit to the UAE last February, which resulted in the signing of around 72 agreements and memoranda of understanding in various areas.
His Excellency Thani Al Zeyoudi’s statements came at the end of his visit at the head of a high-level emirate delegation to Turkey, which witnessed the launch of the first round of talks aimed at achieving a comprehensive economic partnership agreement between the two countries with a view to doubling the volume of non-oil trade between them, stimulating mutual investment and consolidating economic relations and their progress to wider horizons by creating more opportunities for business in the two countries. During this visit, His Excellency held a series of meetings with a group of Turkish ministers and senior officials as well as representatives of the Turkish business and private sector.
HE Thani Al-Zeyoudi met with HE Mehmet Muş, Turkish Minister of Trade, HE Mustafa Varank, Minister of Industry and Technology, HE Fatih Donmez, Minister of Energy and Natural Resources, and HE Adil Karaismailoğlu, Minister of Transport and Infrastructure.
Opens new horizons
In a meeting with His Excellency Thani Al-Zeyoudi, the Turkish Minister of Industry, the two sides praised the positive developments in bilateral relations over the past two years and reaffirmed the common interest in supporting these constructive developments and striving to develop these relations and open new horizons for areas of cooperation.
The two ministers also discussed ways to develop joint work to benefit from industrial projects in the two countries, and to discuss opportunities for cooperation in industrial and technical projects on a bilateral basis, in a way that benefits the economies of the two countries.
His Excellency Thani Al Zeyoudi and His Excellence Mustafa Varank discussed mechanisms for exchanging experiences and transferring 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 strengthen joint work to benefit from modern technologies and digitization applications, and discussed education and rehabilitation programs for young people supporting their entry into the labor market in the industrial and technology sector. The two ministers discussed available investment opportunities. in the two countries and in other countries focusing on sectors of common interest.
At the Round Table, which brought together His Excellency Thani Al-Zeyoudi and his accompanying delegation with His Excellency Mehmet Muş, the Turkish Minister of Trade, senior officials and representatives of the business and private sectors in Turkey, the two sides discussed, in the presence of officials from a number of of the main Turkish companies, opportunities for joint cooperation between the private sector in the two countries. Discussion of ways to strengthen joint cooperation and opportunities to develop relationships and overcome challenges that may hinder trade and investment exchanges Some potential investment opportunities were also presented in the two countries.
Al Zeyoudi also presented to the Turkish side the latest developments and incentives in the business environment in the United Arab Emirates, and the positive effects of plans to stimulate economic, industrial and investment growth on how easy it is to do business in the country in all sectors.
His Excellency Thani Al-Zeyoudi discussed with the Turkish Minister of Energy and Natural Resources ways to promote joint work to wider horizons and the various opportunities to strengthen 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 sent to His Excellency Fateh Donmez to attend the International Supply Conference, which Abu Dhabi will host from 9 to 11 May.
At the meeting that brought together His Excellency Thani Al Zeyoudi with His Excellency Adel Karaismailoglu, Turkey’s Minister of Transport and Infrastructure, the two sides emphasized the importance of joint work and the development of bilateral relations and the expected benefits of the comprehensive economic partnership. countries, and discussed ways to support joint investment in infrastructure and transport to serve the exchange. It was agreed to develop airlines between the two countries in the coming period. An invitation was also sent to the Turkish Minister to attend the Middle East Railway Conference to be held in Abu Dhabi on 17-18. May.
His Excellency Thani Al-Zeyoudi also held a round table meeting with the Turkish Industry and Business Association, where 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 discussed ways to deal with 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 associated with Emirati companies. Last year, His Excellence also visited the real estate projects Emaar and Rotana.
His Excellency 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 company “start-up Roof Stacks”, which specializes in augmented reality services. game development and financing technology, and Ortem Electronic, which specializes in developing high technologies. And series production in this area, 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 briefed on the activities of the industrial and technological companies operating in it.
It is noteworthy that the volume of non-oil interregional 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 accounts for more than 3% of the volume of foreign trade without oil in the United Arab Emirates The volume of Emirati investment in Turkey amounted to more than 18.3 billion dirhams by the end of 2020, while the value of Turkish investment in the UAE amounted to 1.1 billion dirhams at the end of 2019.