International

UAE investing $10 billion in different projects in turkey to boost two nations ties

The UAE’s decision was “to support the Turkish economy and boost bilateral cooperation between the two countries”.

Published

November 25, 2021

Dubai: The United Arab Emirates (UAE) today announced today a $10 billion fund for investments in different projects in Turkey.

The announcement comes after Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed held talks with Turkish President Recep Tayyip Erdogan in Ankara on Wednesday, opening a new chapter in relations between the two countries.

The UAE’s decision was “to support the Turkish economy and boost bilateral cooperation between the two countries”.

It added that the main focus will be on “strategic investments”, especially in sectors including energy, health and food.

Earlier, UAE rulers said that would hold meetings with Turkish President Tayyip Erdogan to promote two countries bilateral ties.

In this article:$10 billion investment fund, Abu Dhabi, bilateral cooperation, Turkey, UAE

Written By Javed Mahmood

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.