Posted inPolitics & EconomicsLatest NewsUAE

UAE investments in Türkiye pass $6bn

Trade between UAE and Türkiye boosted by Comprehensive Economic Partnership Agreement

UAE turkey trade Türkiye
Trade between UAE and Türkiye boosted by Comprehensive Economic Partnership Agreement

The UAE and Türkiye have seen a rapid expansion of their economic and investment partnership.

Recent years have witnessed UAE investments in Türkiye exceeding $6bn, complemented by Turkish investments in the UAE surpassing $3bn.

Burak Dağlıoğlu, President, Investment Office of the Presidency of Türkiye said bilateral investment flows are expected to grow further, driven by the Comprehensive Economic Partnership Agreement (CEPA), which has strengthened investment exchanges between the two nations.

UAE-Türkiye trade

He emphasised that Turkish companies are keen to inject significant investments into the UAE and expand their global presence by leveraging the United Arab Emirates’ position as a global trade hub, providing access to Asian and African markets.

Dağlıoğlu added that Türkiye presents compelling investment prospects for United Arab Emirates investors, leveraging its extensive trade network, including the EU Customs Union and 30 free trade agreements, which provide access to a market exceeding one billion consumers.

He further explained that Türkiye has made substantial investments in its infrastructure, making it one of the most connected countries in the region, pointing out that Istanbul alone provides access to 1.3bn people, with GDP approaching $1.2tn.

He stressed the importance of enhancing investment dialogue between the two countries, noting that the future of United Arab Emirates-Turkish cooperation holds great potential for mutual growth.

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