Turkey and the UAE sign a package of agreements covering 10 areas

Following a meeting between Turkish President Recep Tayyip Erdogan and Abu Dhabi Crown Prince Mohammed bin Zayed, the Turkish and Emirati sides signed agreements that include investments and memoranda of understanding in 10 different areas, while the UAE announced the allocation of $10 billion for investment in Turkey.

Turkish President Recep Tayyip Erdogan and Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan have signed agreements that include direct investments between Turkey and the United Arab Emirates.

Earlier on Wednesday, President Erdogan received Abu Dhabi Crown Prince Sheikh bin Zayed, in an official ceremony in the capital, Ankara.

The knights, who received the official car of Crown Prince bin Zayed in front of the Presidential Complex, were escorted to the Protocol Gate.

After the playing of the Emirati and Turkish national anthems, a bilateral meeting was held between Erdogan and bin Zayed, and another at the level of delegations between the two sides at the Presidential Complex in the capital, Ankara, followed by the signing ceremony of the agreements.

Cooperation agreements covering 10 areas

The two sides signed agreements that include direct investments in 10 areas between Turkey and the United Arab Emirates.

The agreements included memoranda of understanding that would enhance cooperation between the two countries in several areas, including trade, energy and the environment, as well as agreements related to direct Emirati investments in Turkey.

In this context, the two countries signed a memorandum of understanding on the exchange of financial information in the context of combating money laundering and terrorist financing. The head of the Financial Crimes Investigation Board at the Turkish Ministry of Treasury and Finance Khairuddin Kurt signed on the Turkish side, and Ali Faisal Baalawi, head of the Financial Information Unit at the Central Bank of the United Arab Emirates. Emirati.

Arda Armut, CEO of the Turkish Sovereign Fund, also signed with CEO of "Abu Dhabi Port Company" Mohammed Al Shamsi, a memorandum of understanding between the Turkish and Emirati institutions.

A memorandum of understanding was signed between the "Abu Dhabi Development Holding Company" and the Turkish sovereign fund, Armut, and the Chairman of the Board of Directors of the "Abu Dhabi Developmental Holding Company" Mohammed Hassan Al-Suwaidi.

He also signed a memorandum of understanding for cooperation between the same Emirati company, the Turkish Presidential Investment Authority, Al-Suwaidi, and Ahmed Burak Daglioglu, President of the Turkish Authority.

The Abu Dhabi Stock Exchange and the Istanbul Stock Exchange signed a memorandum of understanding for cooperation between them, which was signed by Saeed Al Dhaheri, Chairman of the Board of Directors of the Abu Dhabi Securities Exchange, and Arisha Arican, the Chairman of the Board of Directors of the Istanbul Stock Exchange.

On the cooperation between the Central Bank of Turkey and its UAE counterpart, Shihab Kavcioglu, President of the Central Bank of Turkey, and Suhail Bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure of the United Arab Emirates, signed a memorandum of understanding.

He also signed an administrative cooperation and partnership agreement in customs affairs between Turkey and the UAE, Mehmet Muş, the Turkish Minister of Trade, and Ali Muhammad Hammad Al Shamsi, President of the Federal Authority for Identity, Citizenship, Customs and Ports Security in the Emirates.

In the field of energy, a memorandum of understanding on energy cooperation between the two countries was signed by Fatih Donmez, Turkish Minister of Energy and Natural Resources, and Suhail Bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure of the United Arab Emirates.

He also signed a memorandum of understanding on cooperation in the field of environment between Ankara and Abu Dhabi, Turkish Minister of Environment and Urbanization Murat Korum, and Maryam bint Mohammed Al Muhairi, Minister of Climate Change and Environment of the United Arab Emirates.

The official Emirates News Agency, WAM, reported that the UAE had announced "the establishment of a fund worth ten billion dollars to support investments in Turkey."

The meetings between the Turkish President and the Crown Prince of Abu Dhabi concluded around 17:30 local time in Ankara.