The UAE has announced it will establish a US$10 billion investment fund in Turkey.
It will focus on strategic investments, most notably in the logistics sectors, including energy, health and food.
The announcement came following talks between His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Turkish President Recep Tayyip Erdogan.
The initiative is aimed at supporting the Turkish economy and boosting bilateral cooperation between the two countries.
H.H. Sheikh Hamdan praises progress of Dubai Cashless Strategy
DIEZ doubles size of Oraseya Capital fund to AED1 billion
UAE ranked top worldwide in AI integration across key sectors
UAE to participate in annual IMF, World Bank meetings in Bangkok
