HomeMiddle East Market ›UAE-Turkey Joins Hands to Explore New Opportunities in RE Sector

UAE-Turkey Joins Hands to Explore New Opportunities in RE Sector

As both nations have shared common values, the agreements and partnerships made during the meeting are anticipated to foster economic growth and sustainable development, while further supporting energy efficiency and RE initiatives for a greener and more prosperous future.

August 03, 2023. By EI News Network

The UAE-Turkey Business Council convened its first meeting post-restructuring, emphasising looking for new opportunities for cooperation between the two countries, in the energy and renewable energy sectors.

The convention was chaired by H.E. Abdullah Humaid Al Hameli, CEO of Economic Cities and Free Zones, AD Ports Group, the meeting was visited by H.E. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and H.E. Prof. Dr. Omar Bolat, Turkish Minister of Commerce.

H.E. Abdullah Al Hameli expressed his appreciation for the Council’s trust in its redevelopment, marking its role in bolstering economic relations between the UAE and Turkey. He emphasized the Council’s dedication to boosting fruitful alliances at the private sector level, boosting trade and exchanges between friendly nations.

Tawfik Oz, Head of the Turkish side of the Joint Business Council, emphasised their pledge to boost economic collaboration with the UAE, especially in light of the upcoming UAE-Turkey Comprehensive Economic Partnership Agreement (CEPA).

The meeting also unveiled the UAE’s dynamic economic environment, renowned for its efficiency and resilience. Two major agreements were declared during the UAE-Turkey Business Forum, organised in Abu Dhabi, intending to boost investments throughout multiple key sectors, comprising infrastructure, energy, and hospitality.

HE Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, addressed the UAE-Turkey relations as a ‘golden era,’ with total non-oil trade between the countries achieving USD18 billion in 2022, marking a significant growth of 40 percent over the previous year.

As both nations have shared common values, the agreements and partnerships made during this forum are anticipated to foster economic growth and sustainable development, while further supporting energy efficiency and RE initiatives for a greener and more prosperous future.
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