Bilateral Relations

$10 billion to be invested in Turkey by UAE

by Daily Sabah

The United Arab Emirates (UAE) has set aside a $10 billion fund to invest in Turkey, the chairperson of one of the emirate’s sovereign wealth funds, ADQ, said in a statement late Wednesday.

Earlier on the same day, Turkey and the UAE signed a series of cooperation agreements during Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed’s (MBZ) visit to Ankara.

MBZ arrived in the Turkish capital Ankara at the invitation of President Recep Tayyip Erdoğan.

The crown prince’s visit is his first to Turkey since 2012 and the first top-level meeting between the UAE and Turkey in recent years.

Read the full story on Daily Sabah

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