Istanbul.. Turkey and the UAE participate in an investment workshop

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On Wednesday, the Turkish city of Istanbul hosted an investment workshop with the participation of Turkish and Emirati delegations.

An Emirati delegation is visiting Turkey at the invitation of Industry and Technology Minister Mustafa Varank.

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The Emirati delegation includes the Minister of Industry and Advanced Technology Sultan bin Jaber Al-Ahmad, and the Minister of State for Foreign Trade Thani bin Ahmed Al-Zeyoudi.

and Minister of State for Public Education and Advanced Technology Sarah bint Yousef Al-Amiri, along with high-ranking company administrators.

As part of the visit, an investment workshop was organized in Istanbul, hosted by Warrank, and economic relations between the two countries were discussed.

In a statement after organizing the workshop, Mustafa Gultepe, Chairman of the Turkish Exporters Council, stressed the importance of the meeting for bilateral relations between the two countries.

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He pointed out that many Turkish sectors participated in the workshop, and the two sides held talks on doing more business and investing mainly in energy and digitalization.

Gul Tepe explained that the two sides discussed ways of cooperation, and stressed the need to strengthen bilateral cooperation and reciprocally raise the volume of exports.

He pointed to the possibility of raising the volume of trade exchange, which currently ranges between 5-5.5 billion dollars to 10 billion dollars, if the workshops continue to be organized.

For his part, the Chairman of the Board of Directors of Turkey’s Kipar Holding, Ali Kibar, explained that the meeting addressed many areas including business opportunities, innovative technologies, potential investments, and Industry 4.0.

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He added, “The Emirati minister said that they have allocated $10 billion for investments in Turkey.

There are different sectors that they are interested in, and I think some opportunities will arise in the bilateral negotiations in the next stages.”

The founder of the Turkish company “Gutter” for delivery services, Nazim Salour, confirmed that the meeting is an indication of the beginning of a new phase between the two countries.

Earlier today, the Turkish and Emirati space agencies signed a memorandum on cooperation in the fields of “peaceful use of space, space sciences, technologies and applications.”