WAM
27 Feb 2025, 02:12 GMT+10
ABU DHABI, 26th February, 2025 (WAM) - The UAE and Trkiye have seen a rapid expansion of their economic and investment partnership. Recent years have witnessed UAE investments in Trkiye exceeding $6 billion, complemented by Turkish investments in the UAE surpassing $3 billion.
Burak Dalolu, President, Investment Office of the Presidency of Trkiye, told the Emirates News Agency (WAM) on the sidelines of the Investopia 2025, which opened in Abu Dhabi today, that bilateral investment flows are expected to grow further, driven by the Comprehensive Economic Partnership Agreement (CEPA), which has strengthened investment exchanges between the two nations.
He emphasised that Turkish companies are keen to inject significant investments into the UAE and expand their global presence by leveraging the UAE's position as a global trade hub, providing access to Asian and African markets.
Dalolu added that Trkiye presents compelling investment prospects for UAE investors, leveraging its extensive trade network, including the EU Customs Union and 30 free trade agreements, which provide access to a market exceeding one billion consumers.
He further explained that Trkiye has made substantial investments in its infrastructure, making it one of the most connected countries in the region, pointing out that Istanbul alone provides access to 1.3 billion people, with the counter's GDP approaching US$1.2 trillion.
He stressed the importance of enhancing investment dialogue between the two countries, noting that the future of UAE-Turkish cooperation holds great potential for mutual growth.
He highlighted Investopia's role as a leading global platform that fosters an ideal environment for discussing bilateral and multilateral investment opportunities.
Get a daily dose of Iran Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iran Herald.
More InformationTAIPEI, Taiwan: Taiwan's TSMC reported stronger-than-expected first-quarter earnings on Thursday, driven by booming demand for AI-related...
LONDON - Google is facing a multibillion-pound legal challenge in the UK over allegations it misused its dominance in online search...
Lyft is making its first move into Europe with the purchase of mobility platform FreeNow, a nearly $200 million deal that signals a...
NEW DELHI - India is preparing to scrap import taxes on U.S. ethane and liquefied petroleum gas (LPG) as part of ongoing trade negotiations...
TOKYO, Japan: Facing the pressure of new U.S. tariffs, Honda is weighing a shift in its production strategy that could see more of...
BEIJING, China: China will raise battery safety standards for electric and plug-in hybrid vehicles, aiming to tackle fire and explosion...
More than 200 journalists and news photographers, together with family members, have been killed in Gaza in the last 16 months. Despite...
The left-wing politicians described the restriction as collective punishment Israel...
(250421) -- JEDDAH, April 21, 2025 (Xinhua) -- Red Bull's driver Max Verstappen of the Netherlands competes during the race of the...
Tel Aviv [Israel], April 21 (ANI): Thousands of Christians gathered at the Church of the Holy Sepulchre in Jerusalem for the centuries-old...
Russia, Ukraine trade accusations of violating Easter truce The Russian Defense Ministry said Sunday that it repelled Ukrainian attacks...
Dubai [UAE], April 21 (ANI/WAM): Participants in the fifth annual UAE International Conference in cooperation with the Arab Society...