โAbu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan paid an official visit to Turkey on November 24 upon the invitation of President Recep Tayyip Erdoฤan. A series of significant investment agreements and MoUs that will enhance cooperation in the fields of trade, energy, and environment were signed between the two countries.
The list of agreements signed between the United Arab Emiratesโ sovereign investment fund ADQ and the Turkey Wealth Fund (TWF) includes a general cooperation agreement, an MoU to establish a โTechnology-driven Venture Capital Fundโ to invest in Turkish tech companies, and a cooperation agreement related to Abu Dhabi Portsโ port and logistics investments in Turkey. Meanwhile, a cooperation agreement was also inked between the Abu Dhabi Stock Exchangeโalso owned by ADQโand TWFโs Borsa Istanbul.
In addition, ADQ signed a strategic cooperation agreement with the Investment Office, entailing direct investments and cooperation with Turkey in the fields of petrochemicals, technology, transportation, infrastructure, healthcare, financial services, agro-food, and energy, including the existing and new projects for renewables of up to 3 GW in Turkey.
ADQ also inked a cooperation agreement with Kalyon Holding in the fields of energy, infrastructure, and transportation, and another agreement with CCN Group in the healthcare sector.
UAEโs Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber previously stated that they intended to enhance cooperation with Turkey in the fields of energy, healthcare, agriculture, logistics and transportation, infrastructure, finance, tourism as well as climate change, energy, water, and food security.
