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.
AD first in MENA to implement 'Enhanced Transparency Framework'
COP29 unlocks international carbon markets
Adani CFO says US charges linked to only one business contract
UAE launches KYC platform for enhanced financial data
Volkswagen union signals strikes in December but talks continue
