Strong Emirati-Turkish Relations Amidst Rapprochement… Gulf Nationals Clarify”
In his first visit following his re-election as the President of Turkey, Recep Tayyip Erdogan confirmed his intention to visit the United Arab Emirates (UAE) after the Eid al-Adha holiday. This visit comes after a significant improvement in Emirati-Turkish relations.
The UAE has taken concrete steps to invest in various sectors in Turkey, particularly in energy and defense industries. Earlier this month, Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, visited Turkey with the aim of strengthening strategic relations and enhancing bilateral economic ties.
Major Agreement
International and Turkish reports indicate that Turkish President Recep Tayyip Erdogan will visit the UAE after the Eid al-Adha holiday to sign agreements that include significant Emirati investments in Turkey. These reports mention investments of up to $40 billion to be announced during the visit, with priority given to sectors such as renewable energy, transportation, and defense industries.
The reports highlight that the agreements between the two countries will be permanent and long-term, and they will strengthen the economic relations between Turkey and the UAE. These agreements are expected to have a positive impact on the Turkish economy and its investors.
UAE, Turkey, and More Investments
According to Fahd Al Shelaimi, the head of the Gulf Forum, the UAE seeks new relationships and aims to settle all disputes with various countries. The Emirati-Turkish rapprochement also benefits the Turks. Turkey requires numerous investments as it faces significant economic crises and problems, while the UAE possesses more financial resources and better management.
Al Shelaimi added: The UAE plays a crucial role in balancing relationships with many countries, including the United States, China, and recently Turkey. This leads to further investments, cultural cooperation, diplomacy, and more.
On the other hand, Ammar Mohammed Yasser, a Gulf political researcher, stated that the investments announced by the UAE to boost the Turkish economy will assist the Turkish government in overcoming its current predicament. The Turkish lira has reached significant levels of depreciation. Therefore, the visit of Sheikh Mohamed bin Zayed to Turkey and President Erdogan’s visit to the UAE will provide a boost to the Turkish currency.
Yasser added: The Emirati investments will strengthen the government’s position amidst calls for change due to the economic situation following Erdogan’s re-election as President of Turkey.
