– Where were the two countries’ talks held?
In the Federation of UAE Chambers of Commerce and Industry
– What was discussed during the meeting?
Cooperation relations and private sector investment opportunities
– What is the purpose of the visit of the Turkish delegation?
Developing cooperation and activating agreements
The Federation of Chambers of Commerce and Industry in the UAE hosted a delegation from the Foreign Economic Relations Committee in Turkey, headed by Tawfik Ozi, head of the Turkish side in the UAE-Turkish Business Council, where they discussed investment opportunities available to the private sector.
The Emirates News Agency reported that the meeting, which was held today, Saturday, was attended by the Secretary-General of the Federation of Chambers, Hamid Mohammed bin Salem, and a number of directors and representatives of the Chambers of Commerce, DP World, and the Emirates Businesswomen’s Council. The relations of joint cooperation between the two sides and investment opportunities available to private sector companies were discussed.
Bin Salem explained that the UAE and Turkey are two crossing points and two important trade centers that link the East and the West as a result of their distinguished geographical location.
He noted that the UAE is at the forefront of Turkey’s trading partners and in the list of the twenty most traded countries with Turkey, while the real estate sector is at the top of the list of Emirati investments in Turkey, as well as investments in the banking sector, port operation and the tourism sector.
He said that the Emirates Chambers will encourage Emirati companies and Emirati business owners to invest in Turkey and establish new business partnerships.
For his part, Tawfik Ozi said that the aim of the visit is to follow up on the mechanisms of developing cooperation with the UAE side regarding Turkish companies and to activate the signed agreements in this regard.
He indicated that all Turkish companies seek to enhance cooperation with the UAE business sector, and are making great efforts to deepen relations between the two parties, raise them to a higher level and link them to regional and international relations.
It is noteworthy that the signs of a thaw in the Emirati-Turkish relations crisis began after a rare meeting between the Turkish President and the Emirati National Security Adviser Tahnoun bin Zayed late last August. The meeting was followed by a phone call between Abu Dhabi Crown Prince Mohammed bin Zayed and Turkish President Erdogan, in what appeared to be a serious desire from both parties. To end disputes and reduce tension.
The Turkish president said that his country seeks to increase economic cooperation with the UAE, with expectations of pumping large Emirati investments into the Turkish economy.