Economy

UAE allocates $10B fund to invest in Turkey, CEO says

Turkey, UAE sign bilateral cooperation agreements in multiple fields including trade, energy, environment

Ovunc Kutlu   | 24.11.2021
UAE allocates $10B fund to invest in Turkey, CEO says

ANKARA

The United Arab Emirates (UAE) has allocated $10 billion fund to invest in Turkey, chief executive officer (CEO) of Abu Dhabi Developmental Holding Company announced on Wednesday.

CEO Mohamed Hassan Alsuwaidi told media that the fund has been allocated, following a meeting between Turkish President Recep Tayyip Erdogan and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan.

The CEO noted that the crown prince arrived in Ankara on the invitation of the Turkish President.

Turkey and the UAE signed bilateral cooperation agreements in multiple fields including trade, energy and environment.

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