MENU SEARCH
Tags: Turkey | UAE | Diplomacy | International

Turkey, UAE Sign 13 Agreements Worth $50.7 BN

Turkey, UAE Sign 13 Agreements Worth $50.7 BN

Thursday, 20 July 2023

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 President's office said.

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.

© 2024 IANS. All rights reserved.

International
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 President's office said.The agreements, which cover energy, transportation, infrastructure, logistics, e-commerce,...
Turkey, UAE, Diplomacy, International
189
2023-41-20
Thursday, 20 July 2023
Newsmax Media, Inc.
 
TOP

Newsmax and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax India are trademarks of Newsmax Media, Inc.

NEWSMAX.IN
Real News for Real People
© Newsmax Media, Inc.
All Rights Reserved