The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Ankara / WAM
The UAE announced it will establish a $10 billion investment fund in Turkey.
This announcement followed the talks held in Ankara on Wednesday between His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Recep Tayyip Erdogan, President of Turkey, which aimed to support the Turkish economy and boost the bilateral cooperation between the two countries.
The new fund will focus on strategic investments, most notably in the logistics sectors, including
energy, health and food.
UAE, Turkey discuss new prospects for cooperation
Ankara / WAM
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Recep Tayyip Erdogan, President of Turkey, on Wednesday discussed the bilateral relations
between the UAE and Turkey in the presidential complex in Ankara.
They also discussed new prospects for overall cooperation between their countries to serve the mutual interests, as well as regional and international issues of mutual concern.
President Erdogan welcomed the visit of His Highness Sheikh Mohamed to Turkey, highlighting his confidence the visit will be the start of a new promising, prosperous era of bilateral cooperation that serves interests of their countries and the region at large.
His Highness Sheikh Mohamed bin Zayed expressed his happiness at visiting Turkey and meeting with Erdogan, and conveyed the best wishes of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to Turkey and its people for continued stability and prosperity.
During the meeting, His Highness Sheikh Mohamed and President Erdogan discussed opportunities for enhancing the cooperation between the two countries, most notably in investment, economic and developmental areas.
Both sides also exchanged views on several issues and developments affecting the region, stressing the importance of strengthening the foundations of security, peace and stability, which are key to the process of development and gateway to bright future for the people in the region.