Pak Sahafat – Turkish President Recep Tayyip Erdoğan’s visit to the three countries of Saudi Arabia, Qatar and the United Arab Emirates on the southern shores of the Persian Gulf began with the aim of attracting 100 billion dollars of investment.
According to Pak Sahafat News Agency’s report (Monday), citing the Star news website, During Erdogan’s visit to these three Persian Gulf countries, direct investment agreements of 100 billion dollars will be signed by the Persian Gulf countries in Turkey’s industry, agriculture, technology, transportation and trade sectors.
According to this media, during this trip, business meetings will be held by the Turkish Foreign Economic Relations Council (DEIK) in the Persian Gulf countries for the implementation of contracting, housing, digital technology, energy, tourism, health, food, agriculture, transportation and finance projects.
The Star news website mentioned the purpose of Erdoğan’s visit is to increase the volume of foreign trade with the three Arab countries of the Persian Gulf region and to develop business and investment relations between Saudi Arabia and Turkey within 10 years of investing up to three trillion dollars.
According to this media, previously, the Ministry of Housing and Municipalities of Saudi Arabia had planned to invest 100 billion dollars in the implementation of Turkish municipal projects and 50 billion dollars in the Turkish housing sector.
Anatolia News Agency also reported: During this trip, the President of Turkey held official meetings with the high officials of these countries, and during it, joint meetings for the development of bilateral relations in all dimensions and economic meetings between the delegations of the two sides will be held in order to develop economic relations.
According to Anatoly, the United Arab Emirates will be the last stop of Erdoğan’s Persian Gulf tour, and during this trip, he will meet with the President of the United Arab Emirates, Sheikh Mohammed bin Zayed Al Nahyan, in Abu Dhabi.
According to the announcement of this media, the development of existing cooperation in various sectors, especially the implementation of economic projects, investment, global and regional developments, including the topics of the Turkish President’s trip to these three Arab countries, has been determined.
News website 7, announced the signing of investment projects worth 25 billion dollars between the Turkish delegation and the host Arab countries, including Erdoğan’s travel plans to these countries and reported: The technical infrastructure of the investment contracts with Saudi Arabia, the United Arab Emirates and Qatar have been completed, and in the first phase, an investment of 25 billion dollars is expected in Turkey.
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CNN news network also mentioned the signing of the contract for the implementation of technical and engineering projects, energy, grains, petrochemicals, new technology and e-commerce, including Erdogan’s travel plans to these countries and announced: Erdogan along with 200 Turkish employers has left for the Arab countries along the Persian Gulf.
Turkey’s First Vice President Judet Yilmaz along with the country’s Treasury and Finance Minister Mehmed Şimşek last week during a trip that was referred to in the Turkish media as “the search for hot money”, prepared the preparations for Erdogan’s trip and made initial agreements.
CNN news network referring to Erdoğan’s last visit to Saudi Arabia in April, Qatar in December and the United Arab Emirates in May of last year, Ann Turk reported: Erdogan’s first stop in this trip will be Saudi Arabia, and during this trip, he will present a Turkish-made Tug hybrid car to each of the leaders of these three Arab countries.
According to the report of this media, in the business conference and review of economic relations with three Arab countries, in addition to negotiating about direct investment in Turkey, the implementation of joint projects between Turkey and Arab countries in third countries, especially African countries, will also be reviewed and evaluated.
In a report, the Star news website quoted Judet Yilmaz, the first vice president of Turkey, as saying: During Erdoğan’s visit to the three Arab countries along the Persian Gulf, significant capital will enter Turkey and Turkey’s economy will grow.
The first vice president of Turkey called international direct investment profitable for both parties and added: employment development, export boom and the prosperity of Turkey’s economy will be among the important achievements of this trip.
He added: Investors who come to Turkey never lose, and Turkey is a country that always adheres to its commitments in attracting capital and tries to provide a good investment environment.
According to the news channel NTV In an interview with reporters a few days ago, the President of Turkey assessed the trip to these three Arab countries as important and said that “we will have the opportunity to see and experience the support of the three Arab countries for Turkey during our trip.”
Erdoğan, recalling the words of the officials of the Arab countries regarding the readiness for serious investment in Turkey, said: I hope we will reach this conclusion with this trip.
Yeni Shafaq also announced: Turkey intends to make 30% of its 400 billion dollar export with the Islamic countries of the region during a five-year plan, and to achieve this goal, Erdogan’s trip to the Persian Gulf countries is targeted.