Today, Monday, Turkish President Recep Tayyip Erdogan begins an official visit to the Kingdom of Saudi Arabia, the United Arab Emirates and the State of Qatar. The 4-day visit is dominated by economic and investment files.
Yesterday, Sunday, the Turkish Presidency Communications Department stated that during the visit, all dimensions of bilateral relations between Turkey and Saudi Arabia, Qatar and the UAE will be reviewed, and President Erdogan will discuss the existing cooperation with the three Gulf countries in various sectors, especially economic and investment projects.
Turkish Vice President Cevdet Yilmaz said, in a televised statement on Sunday, that his country “will achieve important investment gains during the upcoming visit to Gulf countries.”
Yilmaz added that there are opportunities for cooperation between Turkey and the Gulf countries in many fields, starting from energy and defense industries, to tourism and infrastructure projects.
Cevdet Yilmaz: The talks between Turkey and the Gulf countries aim to secure capital or secure long-term financing (Anatolia)
Erdogan’s deputy continued, “We will reap its fruits (the visit of the Turkish president) during the coming period. I can say with ease that there will be more capital flow to Turkey, part of which will be achieved immediately, and another part will be during a certain period, but I can say that the flow of capital will be great.” “.
Yilmaz stressed that the talks between Turkey and the Gulf states do not revolve around hot money, but rather aim at securing capital or securing long-term financing.
The Turkish official added that the cooperation will benefit both sides, especially in the field of direct international investment.
The Turkish president had toured the Gulf in July 2017, which at that time included Saudi Arabia, Kuwait and Qatar.
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