UAE announces establishment of $10bln investment fund in Turkey

The new fund will focus on strategic investments, most notably in the logistics sectors, including energy, health and food

  
Skyscrapers of banks' headquarters and popular shopping malls are pictured next to the residential apartment blocks and Zincirlikuyu cemetery in Istanbul, Turkey, July 31, 2019.

Skyscrapers of banks' headquarters and popular shopping malls are pictured next to the residential apartment blocks and Zincirlikuyu cemetery in Istanbul, Turkey, July 31, 2019.

REUTERS/Murad Sezer

ANKARA - The UAE announced it will establish a US$10 billion investment fund in Turkey.

This announcement followed the talks held here today between His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Recep Tayyip Erdogan, President of Turkey, which aimed to support the Turkish economy and boost the bilateral cooperation between the two countries.

The new fund will focus on strategic investments, most notably in the logistics sectors, including energy, health and food.

© Copyright Emirates News Agency (WAM) 2021.


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