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Turkey, UAE sign accords on energy, technology at talks

Category: World

Date: 2021-11-24T19:06:20+0000
Turkey, UAE sign accords on energy, technology at talks

Shafaq News / Turkey and the United Arab Emirates signed accords on energy and technology investments on Wednesday after talks between President Tayyip Erdogan and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan in Ankara.

Sheikh Mohammed's meeting with Erdogan, the first such visit in years, comes as the two countries work to mend frayed ties after a period of bitter regional rivalry, and amid a currency crisis in Turkey.

The memorandums of understanding were signed between the Abu Dhabi Development Holding (ADQ), Turkish Wealth Fund (TVF), and the Turkish Presidency Investment Office, as well as with some Turkish companies.

The agreements highlight the pivot towards economic partnership after a battle for regional influence since the Arab uprisings erupted a decade ago. The disputes have extended to the eastern Mediterranean and Gulf, before Ankara launched a charm offensive in the region last year.

Following the talks, Sheikh Mohammed said he had "fruitful" talks with Erdogan on strengthening ties between Turkey and the UAE.

"I look forward to exploring new cooperation opportunities to benefit our two nations and advance our mutual development goals," he said on Twitter.

ADQ signed an accord on investing in Turkish technology firms and on establishing a technology-oriented fund, while Abu Dhabi Ports also signed an agreement on port and logistics cooperation.

A deal between ADQ and Turkish company Kalyon on energy and infrastructure, another with CCN Group on health cooperation, and a third with Turkey's Presidency Investment Office on renewable energy were also among the agreements, a Turkish official said.

Source: Reuters

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