The United Arab Emirates has announced huge investments to support Turkey’s economy.
According to the Arab News Agency, the United Arab Emirates has announced an investment of ارب 10 billion in Turkey.
According to Arab media, the announcement was made by the UAE following a meeting between UAE Crown Prince Sheikh Mohammed bin Zayed and Turkish President Tayyip Erdogan in Ankara on Wednesday.
According to Arab media, the announcement of UAE investment in Turkey will open a new chapter in relations between the two countries.
Arab media say the move by the UAE is aimed at boosting Turkey’s economy and boosting bilateral ties.
According to Arab media, strategic investment will be the most important factor in UAE investment, while energy, health and food sectors will also be of special importance.
It should be noted that the Turkish lira depreciated sharply yesterday and the lira depreciated by 15% against the dollar.