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

Foreign Minister Thani bin Ahmed Al Zeyoudi confirmed 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.
He said, “Emirati-Turkish relations are currently witnessing a qualitative development in all areas of common interest, thanks to the common will of the governments 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 at the end of 2021, and Turkish President Recep Tayyip Erdogan’s visit to the UAE last February, resulting in the signing of agreements and memoranda of understanding in various areas.

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 negotiations aimed at achieving a comprehensive economic Partnership Agreement between the two countries with the aim of doubling it. the volume of intra-non-oil trade between them, stimulating mutual investment and consolidating economic development relations and upgrading it to wider horizons by creating more opportunities for business 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 Turkish business and the private sector.
Thani Al-Zeyoudi met with the Turkish Minister of Trade, Mehmet Muş, Minister of Industry and Technology, Mustafa Varank, Minister of Energy and Natural Resources, Fatih Donmez, and Minister of Transport and Infrastructure, Adil Karaismailoğlu.

In Thani Al-Zeyoudi’s meeting with 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.

Thani Al-Zeyoudi and Mustafa Faranek discussed mechanisms for exchanging experiences and transferring knowledge between the two sides, and ways to support the growth and development of start-ups 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 Thani Al-Zeyoudi and his accompanying delegation with 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 key Turkish companies joint cooperation between the private sector in the two countries and ways to strengthen cooperation were also discussed Common and opportunities to develop relationships and overcome the challenges that may hinder trade and investment exchange between 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.

Thani Al-Zeyoudi and the Turkish Minister of Energy and Natural Resources discussed ways to promote joint work to a wider horizon and the different possibilities for strengthening 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 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.

Thani Al-Zeyoudi also held a round table meeting with the Turkish Industry and Business Association, where they reviewed the possibilities 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 address obstacles prosperity for 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.

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, games development and financing technology and Ortem Electronic, which specializes in developing high technologies and 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.

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