Tuesday 15 February 2022

#Turkey's Erdogan touts investment potential on landmark #UAE visit | Reuters

Turkey's Erdogan touts investment potential on landmark UAE visit | Reuters

Turkish President Tayyip Erdogan touted his country's investment advantages to business people in the United Arab Emirates on Tuesday after a flurry of agreements between the two countries seeking to build economic bridges after years of animosity.

Erdogan, visiting for the first time since 2013, received a grand reception on Monday with UAE de facto ruler Abu Dhabi Crown Prince Mohammed bin Zayed al-Nahyan meeting him on arrival and the world's tallest tower, the Burj Khalifa, projecting Turkey's flag. read more

The move to rein in a bitter regional rivalry, rooted in differences on the role of political Islam in the region, comes after Ankara launched a charm offensive last year at a time of economic turmoil in Turkey and as the UAE turns towards soft power politics.

"Our mutual goal is to carry our bilateral relations to much higher levels in all areas," Erdogan told a business event. "Turkey provides very important advantages for investors looking for alternatives to Asia-centred production areas."

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