President Recep Tayyip Erdogan met with representatives of the Business World of the UAE and international investment companies in Dubai.
Erdogan stated that the goal is to increase the volume of trade between Turkey and the united Arab emirates (UAE) to $ 50 billion in the next 5 years.
The President expressed satisfaction by being at the summit of world governments in Dubai.
Having thanked the President of the UAE Muhammad Bin Zaid Al Nahayan and the Prime Minister of the UAE and the Emir Dububa Muhammad Bin Rashid Al Maktum for invitation to the summit as an honorary guest, Erdogan noted that Turkish and the UAE relations received a large impulse thanks to the steps taken over the latter 3 years.
President Erdogan recalled that over these 3 years they have implemented a contractual basis for relations by signing more than 40 agreements in many areas – from trade to finance, from customs to energy, from ecology to banking, and noted that thanks to these steps they They also provided new opportunities and amenities for representatives of the private sector.
reminding that relations between Turkey and the UAE rose to the level of “strategic partnership” with the creation of the Council mechanism, which they announced during the negotiations in July, Erdogan continued his words as follows:
“The first meeting of the Council, the chairman of which will be my respected colleague Sheikh Muhammad Bin Zaid, will take place in our country in the coming months. We see the results of the steps that we took together with the Emirates in the field of investment and trade. Last year, our volume of our bilateral trade exceeded $ 20 billion, increasing by 112 percent. Thus, the status of the United Arab Emirates as our largest trading partner in the Persian Gulf region strengthened. Today, about 600 companies with capital from the United Arab Emirates are working in Turkey in various sectors of the economy. In the emirates. About a thousand companies with Turkish capital work. Given the potential of our countries, the quality of our economies and dynamism of our businessmen, I believe that we can do much more. We strive to increase this figure to $ 50 billion in the next 5 years. In accordance with this purpose. We will continue to take the necessary steps. “
– We are ready to provide any support
Having emphasized that the decision to introduce a 90-day visa relief for citizens of the United Arab Emirates is a reflection of this will, Erdogan said: “When we are considering the investment activity of the United Arab Emirates in the world, we see that there is a significant potential that may be that it may be I am directed to our country. I would like to emphasize that we are ready to provide all kinds of support from the Emirates. “
Erdogan also confirmed that the investment management doors under the President, the Embassy and the Consulate General, other institutions and organizations are always open to investors.