A delegation from the United Arab Emirates, headed by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, concluded a visit to Turkey. The delegation included Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, Sarah Al Amiri, Minister of State for Public Education and Advanced Technology, and a number of representatives government, and CEOs of major Emirati companies that represent a number of vital and priority sectors.
This visit comes as a continuation of the efforts of the two countries to enhance cooperation and partnership, and create new and vital paths for cooperation and investment, especially in the energy sector, industry and advanced technology, with the economic and industrial powers represented by the United Arab Emirates and the Republic of Turkey, in the region and the world.
The visit included several meetings with the Minister of Industry and Technology, a number of senior officials from the government and private sectors and businessmen in the industrial and commercial fields, especially in the field of developing traditional and renewable energy resources, infrastructure, agriculture, food, medicine, health care, logistics, banking and digital communications, in addition to signing a memorandum of understanding. Between the UAE and Turkish space agencies.
Industry and Technology
Dr. Sultan bin Ahmed Al Jaber and the participating delegation met with Mustafa Warank, the Turkish Minister of Industry and Technology, to discuss strengthening cooperation and investment between the two countries. During this meeting, he conveyed the greetings of the wise leadership, government and people of the UAE to the Turkish government and the friendly Turkish people. It attaches great importance to relations with Turkey.
During the talks, Dr. Sultan bin Ahmed Al Jaber stressed that the Emirati-Turkish relations are solid and witness a great development in all fields to achieve common interests, in line with the vision of the wise leadership to build and strengthen international partnerships to enhance economic and social development, develop bilateral relations with friendly countries and advance them to broader strategic horizons. This was confirmed by the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, may God protect him, to Turkey at the end of 2021, and the visit of Turkish President Recep Tayyip Erdogan to the UAE last February, which resulted in the signing of agreements worth billions of dollars to invest in Turkey. In addition to a large number of agreements and memoranda of understanding to enhance cooperation in various fields that contribute to promoting sustainable economic development.
He said: In line with the new developmental launch in the UAE through the “50 projects”, which include many national strategic projects, we encourage all businessmen, companies and institutions from both countries to take advantage of the qualitative potential of this partnership and the available opportunities and competitive advantages in both countries, in order to develop Relationships in various fields, including the energy, industry and trade sectors, which will reflect positively on the objectives of sustainable economic growth.
He called on Turkish companies to invest in the industrial sector in the UAE and take advantage of industrial investment opportunities in the field of petrochemicals, minerals, pharmaceuticals, food, electrical and medical equipment, agriculture, clean energy, defense and aerospace industries, especially through the products that were offered for investment locally in the “Make in the Emirates Forum” recently, for more From 300 products worth 110 billion dirhams in 11 vital industrial sectors.
He added: The UAE is one of the leading countries in the field of conventional and clean energy, petrochemicals, minerals, defense industries, pharmaceuticals and food. Cooperation with the Turkish side in the energy, industry and advanced technology sector reflects direct importance to the development and multiplication of joint investments during the coming period. Emirati institutions are looking to invest in Turkey in the fields of energy and gas development, renewable energy, infrastructure, agriculture, food, medicine, health care, logistics, banking and digital communications.
Promote intra-trade
For his part, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the growth witnessed by the UAE-Turkish relations translates the directives of the wise leadership of the country to strengthen strategic partnerships in various parts of the world. In this specific context, the signing of comprehensive strategic economic partnership agreements with a number of friendly countries to enhance trade exchange and economic cooperation and expand investment horizons with them.
He pointed to working on negotiations to sign the Comprehensive Economic Partnership Agreement with Turkey, which will provide qualitative opportunities to enhance bilateral trade and the movement of investments between the two countries, similar to the partnership agreements concluded by countries with other countries, indicating that the visit accelerates the pace of joint investments with the Turkish side, in light of what relations are witnessing. The UAE-Turkey has continued momentum and growth, and the constructive partnership it registers achieves common interests, enhances coordination, doubles the volume of non-oil trade between the two countries, stimulates mutual investments, and advances economic relations to a more comprehensive level.
He pointed out that the economic relations between the UAE and Turkey are rooted, as the volume of non-oil trade between the two countries amounted to about 50.4 billion dirhams during 2021, achieving a growth of 54% compared to 2020, and an increase of 86% compared to 2019, while Turkey has more than 3% of the UAE’s non-oil foreign trade volume, and it ranks seventh for its largest trading partner. The volume of Emirati investments in Turkey amounted to more than 18.3 billion dirhams at the end of 2020, while the value of Turkish investments in the UAE amounted to 1.1 billion dirhams at the end of 2019, and the UAE announced an investment fund worth 10 billion dollars, to invest in Turkey, and the signing of 72 bilateral agreements. , is evidence of the positive acceleration in these relations, an acceleration whose positive effects will be felt at various levels.
Quantum leap
For her part, Sarah bint Youssef Al-Amiri, Minister of State for Public Education and Advanced Technology, confirmed that the UAE-Turkish relations are witnessing a qualitative development in all areas of common interest, thanks to the joint will of the leaderships of the two countries. from other vital sectors.
She added, the signing of the Memorandum of Understanding between the UAE Space Agency and the Turkish Space Agency is at the heart of the UAE’s efforts to build bridges of cooperation for space exploration, as the agreement includes cooperation in the field of space research and technology, and conducting joint studies on suborbital flights and satellite systems. She emphasized that the UAE attaches great importance to international cooperation to achieve its space aspirations that enhance the impact and results of the scientific sector through knowledge exchange programs, building national research capabilities, and supporting the development and adoption of technology in industry.
She added, “We are confident that such partnerships will stimulate industrial, technical and economic growth in the two friendly countries, and our joint efforts will help enhance the region’s contribution to space exploration on a larger scale for the benefit of humanity.” On this occasion, I wish success for the Turkish Republic in its expedition to the moon next year, as these regional efforts raise the volume of our region’s contribution to space exploration efforts.
“Make in the UAE” and “Invest in Turkey”
During this visit, the two sides held a joint workshop for the UAE and Turkish sides, in the presence of the ministers of industry and advanced technology in the two countries, in addition to the Emirati delegation, and a number of Turkish officials, which dealt with ways to invest in the UAE and Turkey, and the advantages offered by each country to investors.
The Emirati delegation gave a detailed explanation of the advantages of industrial investment in the UAE through the “Make in the UAE” initiative, the possibilities that the UAE provides to investors, financing solutions, energy options, the attractive environment for advanced industries, and legislation that facilitates investments.
The Emirati delegation presented the most prominent industrial products and investment sectors in the first phase, which included more than 300 products worth 110 billion dirhams in 11 sectors, including the sectors of metals, petrochemicals, chemical industries, plastics, machinery and equipment, defense industries, pharmaceutical industries, technology and medical equipment, communications, and agricultural technology.
The Turkish side also provided a detailed explanation about the opportunities and advantages of investing in Turkey through the “Invest in Turkey” initiative, where a presentation was made about the opportunities and advantages that Turkey provides to investors in all sectors, and Turkey’s plans to attract more investments, in the industrial sector, and other economic sectors. .
Memorandum of Understanding
On the sidelines of the visit, a memorandum of understanding was signed between the Emirates Space Agency and the Turkish Space Agency to enhance cooperation in the scientific fields and exchange experiences in the space field and its various industries.
UAE delegation
The Emirati delegation included Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, Mansour Al Mulla, CEO of EDGE, Salem Butti Al Qubaisi, Director General of the Emirates Space Agency, Muhammad Jamil Al Ramahi, CEO of Abu Dhabi Future Energy Company (Masdar), and Muhammad Saif Al Aryani – CEO of ADNOC International, Samia Bouazza, CEO of Multiplay, Abdullah Al Shamsi, Assistant Undersecretary for the Industrial Development Sector at the Ministry of Industry and Advanced Technology, Mohamed Saeed Al Neyadi, Chargé d’Affairs of the UAE Embassy in Turkey, and Mansour Al Mansouri, Chief Operating Officer of G42.