Published December 25,2024
Subscribe
The United Arab Emirates’ varied imaginative and prescient initiatives create new cooperation alternatives for Turkish traders with the UAE’s potential to entry a geography with a complete $35 trillion financial system, Kanat Kutluk, head of the Dubai Turkish Business Council, advised Anadolu.
Kutluk stated the UAE is a significant commerce companion of Türkiye, because the commerce quantity between the 2 international locations final yr reached $17.7 billion, with distinguished Turkish exports to the UAE together with silver, motor automobiles and car elements, carpets, textiles, and extra.
He highlighted that renewable vitality investments can increase the commerce potential of the 2 international locations and famous that areas comparable to prescription drugs, well being tourism, and hospital infrastructure investments are additionally in excessive demand.
“The UAE’s reach allows Turkish firms to access the Middle Eastern, Asian, and African markets, and the sectors of energy, infrastructure, technology, real estate, and tourism offer great opportunities for the Turkish business community,” he stated.
Kutluk stated the We the UAE 2031 imaginative and prescient undertaking goals to spice up the UAE’s gross home product (GDP) to $816.3 billion and its overseas commerce to $1.1 trillion in 2031, whereas the UAE Centennial 2071 imaginative and prescient plan focuses on providing wonderful schooling and a happier society, whereas the Dubai Economic Agenda D33 was set forth to make Dubai one of many high three cities to speculate and reside on the earth.
The Dubai 2040 Urban Master Plan and Sustainable Development undertaking goals to enhance city areas and improve useful resource utilization, together with varied initiative initiatives estimated to price $106.2 million, in addition to a seaside building price range of $96.7 million, and housing building for $17.7 billion.
Kutluk highlighted that Mapa-Limak, a consortium of Turkish companies, just lately received the tender for the Dubai Blue Line contract, a brand new milestone within the Turkish building business.
The UAE holds massive exhibitions, such because the Big 5 Global, Gulf Food, Arab Health, and extra, which allow Turkish companies to entry the massive financial system, he stated.
“The development of trade ties between the two countries has the potential to greatly contribute to Türkiye’s growth and exports,” he added.
Source: www.anews.com.tr