July 20, 2023
4 mins read

UAE, Turkey cement ties with over $50B deals

Turkey and the UAE have signed 13 bilateral agreements worth $50.7 billion during the visit of Turkish President Recep Tayyip Erdogan to Abu Dhabi…reports Asian Lite News

The Presidents of the UAE and Türkiye met in Abu Dhabi to further reinforce the strong ties between the two countries.

The meeting between His Highness Sheikh Mohamed bin Zayed and Recep Tayyip Erdogan took place at Qasr Al Watan in Abu Dhabi, during the Turkish President’s official visit to the UAE.

His Highness Shiekh Mohamed welcomed the visit as an opportunity to continue building upon 50 years of UAE-Türkiye relations, noting that both countries share the same ambitions for stability, economic growth and sustainable progress.

The longstanding bilateral relationship between the two countries received a significant boost earlier this year with the signing of a Comprehensive Economic Partnership Agreement (CEPA).

During the meeting of the two leaders, these ties were further cemented with the announcement of a joint accord on the establishment of a high-level strategic council between the UAE and Türkiye.

Additional MoUs and major agreements were also exchanged, with the aim of increasing collaboration even further, including investments in strategic sectors such as the economy, trade, energy, finance, digital transformation, technology, and the space sector. His Highness stated that the UAE is keen to continue expanding and strengthening its partnership with Türkiye in various fields.

His Highness and the Turkish President reaffirmed their commitment to promoting stability, both within the region and internationally, stating their shared belief in the importance of dialogue and diplomacy as a means of solving disputes and avoiding conflict.

The UAE President confirmed that Türkiye’s participation at the COP28 climate conference in Dubai later this year is eagerly anticipated, especially in light of the growing collaboration between the UAE and Türkiye in the area of renewable energy and climate action.

President Erdogan thanked His Highness for his hospitality and expressed his pleasure to be visiting the UAE again.

He reaffirmed his shared interest in continuing to enhance relations between Türkiye and the UAE, with the aim of promoting stability and enabling the people of both nations to enjoy a secure and prosperous future.

The Turkish President left an entry in the Qasr Al Watan VIP guestbook, conveying his wish to continue building on the strong foundations that underpin relations between Türkiye and the UAE.

Following the meeting, a dinner was held in honour of the visit of President Erdogan and his accompanying delegation.

Over $50B deals

Turkey and the UAE have signed 13 bilateral agreements worth $50.7 billion during the visit of Turkish President Recep Tayyip Erdogan to Abu Dhabi.

The agreements, which cover energy, transportation, infrastructure, logistics, e-commerce, finance, health, food, tourism, real estate, construction, defence industry, artificial intelligence and advanced technologies, were signed in the presence of Erdogan and UAE President Sheikh Mohamed bin Zayed Al Nahyan.

In a statement on Wednesday, Erdogan’s office said the agreements would “raise the (bilateral) relations between the two countries to the level of strategic partnership”.

The statement also said the two countries had agreed to establish a bilateral High-Level Strategic Council to oversee the implementation of the agreements, Xinhua news agency reported.

Erdogan started a three-day Gulf tour on Monday from Saudi Arabia, followed by Qatar and the UAE, with the aim of securing agreements for investment and finance.

Ankara has been seeking to improve its ties with the Gulf countries after years of tensions. Last year, the UAE reached with Turkey a $5-billion swap agreement in local currencies to support the struggling Turkish lira, in a sign of warming diplomatic relations.

Order of Zayed conferred to Erdogan

 President His Highness Sheikh Mohamed bin Zayed Al Nahyan has conferred the Order of Zayed on Turkish President Recep Tayyip Erdogan during his official visit to the UAE.

The Order of Zayed is considered the highest civilian honour granted by the UAE, and is bestowed upon world leaders and heads of state. The award bears the name of the UAE’s Founding Father, the late Sheikh Zayed, whose legacy of humanitarianism, international cooperation and the pursuit of peace continues to have an impact throughout the world today.

His Highness Sheikh Mohamed stated that awarding the Order of Zayed to President Erdogan was a reflection of the UAE’s appreciation for his efforts at strengthening bilateral relations and building upon the historic ties between the UAE and Türkiye.

The Turkish President expressed his gratitude to His Highness and his pride in receiving the honour, which serves as a reminder of the late Sheikh Zayed’s interest in building bridges of understanding and cooperation with countries around the world.

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