Today: 31 May 2025
6 April 2022
1 min read

‘UAE, Turkey to establish new era of sustainable growth’

Özyeğin stressed that the UAE is the key trading partner of Turkey…reports Asian Lite News

Turkey and the UAE have promising investment environments that offer many opportunities for investors and businesses, said Murat Özyeğin, Vice President of the Turkish Industrialists and BusiMBZ, Trudeau discuss boosting UAE-Canada tiesnessmen Association (TÜSİAD), underscoring aspirations to strengthen their economic partnership to establish a new era of sustainable growth.

During his visit to the UAE as head of a TÜSİAD delegation to promote cooperation in trade, industry and investment, Özyeğin stressed that the UAE is the key trading partner of Turkey.

His visit to the UAE involved meetings with several economic establishments in the country, most notably the Abu Dhabi Chamber of Commerce and Industry, the ministries of economy and climate change and environment, and private sector companies, he added.

TÜSİAD accounts for 80 percent of Turkey’s overall trade and contributes nearly 80 percent to income tax, and creates 50 percent of private-sector job opportunities in Turkey, he further added. TÜSİAD and the Abu Dhabi Chamber of Commerce and Industry are key partners in creating an appropriate environment that will encourage partnerships between the two countries, he noted.

Speaking about the current economic situation in Turkey, Özyeğin said his country’s economy grew significantly last year by 11 percent, and has a distinguished investment environment that attracts small and medium-sized enterprises (SME).

ALSO READ: MBZ, Trudeau discuss boosting UAE-Canada ties

He highlighted the engagement with Abu Dhabi investment authorities in major investments in tech companies and the six SMEs established recently.

Özyeğin pointed out that Turkey offers a wide range of investment opportunities, as its major exports include cars, textiles, food supplies and financial technology, in addition to substantial agricultural opportunities within other vital sectors, including healthcare, food, tourism and renewable energy, along with major solar power opportunities ready to receive investments, affirming that all these sectors are areas of interest for the UAE.

Turkey actively participated in Expo 2020 Dubai, which was a leading global cultural event, he said in conclusion.

Previous Story

MBZ, Trudeau discuss boosting UAE-Canada ties

Next Story

Emirates ID replaces residency stickers for expats

Latest from -Top News

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin

Mohammed honours football champions

Ruler of Dubai hails players as role models during palace reception His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, received the

Abu Dhabi sets 2050 energy vision

Abu Dhabi unveils AED400 billion energy roadmap, inked climate finance pact ahead of 2026 UN Water Conference Abu Dhabi has unveiled a sweeping strategic framework to transform its energy and water sector

Gargash: UAE’s pragmatism sets regional example

Anwar Gargash says the UAE stands as a beacon of what is possible when pragmatism and vision come together. As political instability, economic fragmentation and rapid technological change continue to reshape the

US flag returns to Damascus

Billions in energy deals and lifted sanctions mark Syria’s reintegration, as US reopens embassy and declares the war-torn nation “open for business” under new regional partnerships. The United States has reopened its
Go toTop

Don't Miss

Al Jaber stresses on GCC cooperation to boost industrial performance

The minister pointed out that the Covid-19 pandemic accelerated efforts

Sheikh Mohammed tours SeaWorld Yas Island

His Highness highlighted the country’s world-class infrastructure developed through strong