UAE & Turkey explore ways to boost cooperation & investment opportunities

UAE
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By Shilpa Annie Joseph, Official Reporter
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The UAE and Turkey have discussed new areas of future collaboration, especially in the energy, industry, and advanced technology sectors.

The meeting took place during the two-day visit of the UAE delegation, led by His Excellency Dr. Sultan bin Ahmed Al Jaber, UAE’s Minister of Industry and Advanced Technology, to Turkey.

The visit also included meetings with senior government and private sector officials as well as a UAE Turkey Investment Workshop.

The delegates discussed collaboration across the gas, energy infrastructure, renewable energy, healthcare, biotech, agri-tech, defense, logistics, digital communication, eCommerce, and financial services sectors.

Sultan Ahmed Al Jaber
Dr. Sultan Ahmed Al Jaber
UAE Minister of Industry & Advanced Technology

“Our companies see opportunities in developing gas resources, energy infrastructure, and renewable energy; healthcare, biotech and agri-tech; defense, logistics, digital communications, eCommerce, and financial services. While we are keen to expand our investments in Turkey, we also want to drive mutually beneficial partnerships for industrial investment in the UAE. In line with the UAE’s Projects of the 50, which include many national strategic projects, we encourage businesses and institutions from both countries to take advantage of this partnership along with the opportunities and incentives offered. Doing so will develop relations in various fields, including energy, industry, and trade, which will contribute to achieving greater sustainable economic growth. Cooperation with Turkey in the energy, industry, and advanced technology sectors, among others, indicates a strong commitment to increase joint investments.”

His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade said that, “The continued development of UAE-Turkey relations is a direct result of our leadership’s directives to strengthen global strategic partnerships. Our CEPA with Turkey will bring unique opportunities to enhance bilateral trade and investments, in line with all the UAE’s CEPAs. This visit is in line with both countries’ efforts to boost collaboration, double the volume of non-oil trade, incentivize mutual investments, and advance economic relations.”

As part of the visit, an agreement was signed between the UAE Space Agency and the Turkish Space Agency to boost collaboration in scientific fields, training, as well as knowledge and experience transfer.

Her Excellency Sarah bint Yousef Al Amiri, UAE’s Minister of State for Public Education and Advanced Technology noted that, “The signing of the MoU between the UAE Space Agency and the Turkish Space Agency that includes space research and technology and joint studies on suborbital flights and satellite systems, lies at the heart of the UAE’s efforts to build bridges for space exploration. I would like to take this opportunity to wish Turkey every success in its lunar mission next year.”

Related: Ajman strengthens business & investment relations with Russia

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