Turkiye, UAE sign $50b worth of deals to boost strategic ties
Friday, 21 July 2023
RIYADH, July 20 (Arab News): Turkiye and the UAE have signed agreements worth $50 billion in what is a major boost for investments across strategic sectors between the two countries.
During Turkish President Recep Tayyip Erdogan's visit to the UAE, the two nations announced a joint accord on the establishment of a high-level strategic council to further cement ties, according to the Emirates News Agency, also known as WAM.
The exchange of several agreements and memoranda of understanding is aimed at diversifying the framework of the UAE-Turkiye Comprehensive Economic Partnership Agreement.
CEPA intends to maximize bilateral trade volume and investment between both countries. It is also projected to create an estimated 25,000 jobs in the UAE and 100,000 in Turkiye.