EconomyThani Al Zeid: UAE-Turkey relations prepare for a new...

Thani Al Zeid: UAE-Turkey relations prepare for a new era of partnership

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Istanbul (al-Ittihad) His Excellency Tani bin Ahmed Al Zeidi, Minister of State for Foreign Trade, confirmed that UAE-Turkey relations are preparing for a new era of partnership and constructive cooperation based on the achievement of common interests and bilateral economic growth. Two friendly countries.
His Excellency said that UAE-Turkish relations are currently experiencing qualitative development in all areas of common interest, thanks to the joint willingness of the leaders of the two countries to extend these relations to a broader horizon, which his visit has changed. . His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Commander-in-Chief of the Armed Forces, visited Turkey until the end of 2021 and Turkish President Recep Tayyip Erdogan’s visit to the UAE in February 2021 last year. .
His Excellency Thani Al Zeid made the announcement at the end of his visit to Turkey at the head of a high-level Emirati delegation that witnessed the start of the first round of negotiations aimed at reaching a comprehensive economic partnership agreement between the two countries. Including doubling the volume of non-oil trade, stimulating bilateral investment and consolidating economic relations, advancing them on a broader horizon, creating more opportunities for the business communities of both countries. During the visit, His Excellency held a series of meetings with a group of Turkish ministers and senior officials, as well as representatives of the Turkish business and private sector.
Tani al-Zeidi met with Turkish Minister of Commerce Mehmet Mus, Minister of Industry and Technology Mustafa Varank, Minister of Energy and Natural Resources Fatih Donmez and Minister of Transport and Infrastructure Adil Karaismailoglu.

  • part of the meetings
    part of the meetings

opening new horizons
At the meeting with the Minister of Industry of Turkey, His Excellency Thani Al-Zeiud, the parties assessed the positive developments in bilateral relations over the past two years and reaffirmed their common interest in supporting these constructive developments and the development and aspiration of these relations. . It opens new horizons for the areas of collaboration.
The ministers also discussed ways to develop joint work to benefit the industrial projects of the two countries and discussed opportunities for cooperation in industrial and technical projects bilaterally, to benefit the economies of both countries.
His Excellency Thani Al Zeidi and His Excellency Mustafa Varank discussed mechanisms for exchanging experience and transferring knowledge between the two parties and ways to support the growth and development of start-ups in both countries.
They also talked about ways to work together to take advantage of cutting-edge technology and digitization applications, and discussed training and rehabilitation programs for young people that help them enter the job market in the industrial and technology sectors. In two countries and in other countries, focusing on areas of common interest.
In a roundtable attended by His Excellency Thani Al-Zeidi and his accompanying delegation, the parties discussed with His Excellency Mehmet Mus, Minister of Commerce of Turkey, senior officials and representatives of Turkey’s business and private sectors. In the presence of officials from several of the most important Turkish companies, opportunities for joint cooperation between the private sectors of the two countries, ways to deepen joint cooperation and opportunities to develop relationships and overcome challenges that may hamper trade and investment are discussed. . Between the two countries, potential investment opportunities in both countries were also presented.

business environment
Al-Zayudi also informed the Turkish side about the latest developments and incentives in the United Arab Emirates in the business environment and the positive effects of the stimulus plans for economic, industrial and investment growth to facilitate business in all sectors of the Parents.
His Excellency Thani al-Zeidi discussed with Turkey’s Minister of Energy and Natural Resources ways to bring joint work to a broader horizon and various opportunities to deepen cooperation between the two countries. Wind and solar energy. The ministers also agreed to the mechanism. The removal of any obstacles that could hamper the development and prosperity of bilateral relations between the two countries was discussed, as well as the possibilities for joint cooperation between the UAE and Turkey in other countries. Her Excellency Fateh Donmez has also been invited to participate in the International Conference on Public Services, which will take place in Abu Dhabi from the 9th to the 11th of May.
At the meeting, which was attended by His Excellency Thani Al Zeid and the Turkish Minister of Transport and Infrastructure, Adel Karaismayoglu, the parties stressed the importance of working together and developing bilateral relations and the expected benefits of a comprehensive economic partnership. Agreement between the two countries and discussed ways to support joint investments in infrastructure and transport to meet the exchange. They agreed to develop airlines between the two countries in the near future. The Turkish minister was also invited to the Middle East Railway Conference, which will be held in Abu Dhabi on 17 and 18 May.
His Excellency Thani Al-Zeudi also held a roundtable with the Turkish Business and Industrial Association, during which they discussed cooperation opportunities and joint ventures.

field trips

  • Thani Al Zeid during the tour
    Thani Al Zeid during the tour

In this regard, His Excellency Thani Al Zeidi and his accompanying delegation organized field visits to Istanbul and Ankara to review a number of investment projects related to Emirati companies. Last year, His Excellency also visited the Emaar and Rotana real estate projects.
His Excellency Thani Al-Zayud, together with the Minister of Industry and Technology of Turkey, His Excellency Mustafa Varank, visited several IT companies in the valley, including the start-up Roof Stacks, which specializes in augmented reality services. , Game Development and Financing Technology and Ortem Electronic, which specializes in high-tech development and mass production in this field, as well as the Customer Experience Center of Turkish car manufacturer TOGG. His Excellency also visited the Istanbul Technopark technology park and learned about the activities of the industrial and technological companies that operate there.
bilateral trade
It should be noted that the volume of intra-regional non-oil trade between the UAE and Turkey amounted to AED 50.4 billion in 2021, which is 54% compared to 2020, 86% compared to 2019, and Turkey occupies more than 3% The UAE’s non-oil foreign trade volume in Turkey amounted to more than 18.3 billion dirhams at the end of 2020, while the value of Turkish investments in the UAE amounted to 1.1 billion of dirhams. 2019

Source: Al Ittihad

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