The UAE Announces Worth of 10 Billion Dollars to Support Investments in Turkey

The UAE announced the establishment of a $10 billion fund to support investments in Turkey, , after the visit of the Crown Prince of Abu Dhabi to Ankara on Wednesday.

Today, Wednesday, Turkey and the UAE signed 10 agreements for economic cooperation in various fields, in the presence of Turkish President Recep Tayyip Erdogan and his guest, Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan.

The agreements – which included partnerships between the stock exchanges of the two countries, sovereign wealth funds, health and energy fields – were signed at the Presidential Complex in the capital, Ankara, after a bilateral meeting and another at the level of delegations between the two sides.

A memorandum of understanding was signed between the Abu Dhabi Development Holding Company and the Turkish Sovereign Fund, by Arda Armut, CEO of the Fund, and Mohammed Hassan Al Suwaidi, Chairman of the Board of Directors of Abu Dhabi Development Holding Company.

A memorandum of understanding for cooperation was also signed between Abu Dhabi Development Holding Company and the Turkish Sovereign Fund, according to Anadolu Agency, as well as a memorandum of understanding for cooperation between Abu Dhabi Development Holding Company and the Turkish Presidential Investment Authority, and a memorandum of understanding for cooperation between the Abu Dhabi Stock Exchange and the Stock Exchange. Istanbul.

On the cooperation between the Turkish Central Bank and its UAE counterpart, a memorandum of understanding was signed by Shihab Kavcioglu – President of the Central Bank of Turkey – and the UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei, and earlier, two sources told Reuters – that the two banks had held talks on an agreement potential swap. An administrative cooperation and partnership agreement in customs affairs was also signed between Turkey and the UAE.

In the field of energy, a memorandum of understanding on energy cooperation between the two countries was signed by the Turkish Minister of Energy and Natural Resources Fatih Donmez and the UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei. In addition to signing a memorandum of understanding on cooperation in the field of environment between the two countries.

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The UAE Announces Worth of 10 Billion Dollars to Support Investments in Turkey - /10

Summary

The UAE announced the establishment of a $10 billion fund to support investments in Turkey, , after the visit of the Crown Prince of Abu Dhabi to Ankara on Wednesday.

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