Turkiye, UAE Sign 13 Agreements Worth 50.7 Billion Dollars

The agreements, which cover energy, transportation, infrastructure, logistics, e-commerce, finance, health, food, tourism, real estate, construction, defense industry, artificial intelligence and advanced technologies, were signed in the presence of Erdogan and UAE President Sheikh Mohamed bin Zayed Al Nahyan.

In a statement, Erdogan's office said the agreements would "raise the (bilateral) relations between the two countries to the level of strategic partnership."

The statement also said the two countries had agreed to establish a bilateral High-Level Strategic Council to oversee the implementation of the agreements.

Erdogan started a three-day Gulf tour in late July from Saudi Arabia, followed by Qatar and the UAE, with the aim of securing agreements for investment and finance.

Ankara has been seeking to improve its ties with the Gulf countries after years of tensions. Last year, the UAE reached with Türkiye a 5-billion-dollar swap agreement in local currencies to support the struggling Turkish lira, in a sign of warming diplomatic relations.

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