Finance & Capital Market

UAE to set up $10bn investment fund in Turkey

The UAE has announced plas to establish a $10 billion investment fund in Turkey. The new fund will focus on strategic investments, most notably in the logistics sectors, including energy, health and food.
 
This announcement followed the talks held in Ankara between HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Recep Tayyip Erdogan, President of Turkey, said a Wam news agency report.
 
The fund aims to support the Turkish economy and boost the bilateral cooperation between the two countries, it said.