Investment agreements worth more than $50 billion are planned to be signed during Turkish President Recep Tayyip Erdogan's Persian Gulf tour.
Erdogan plans to visit Qatar, Saudi Arabia, and the United Arab Emirates from July 17 to 19. Turkish Vice President Cevdet Yilmaz and Finance Minister Mehmet Simsek visited the Gulf countries last week. The Turkish leader told reporters earlier that he was counting on "serious investments" in the country, without naming their volumes.
Turkish journalist Gungor Yavuzaslan reported to Ednews that a planned visit of President Erdogan is taking place as of today with the three countries of Saudi Arabia, Qatar, and the United Arab Emirates:
"The business forums in these three countries, which initially started in earnest, will smooth out the ongoing business forums in the United Arab Emirates and Qatar. President Erdogan is going with two hundred businessmen. Of course, cooperation opportunities in many fields will be evaluated, and agreements will be signed."
According to him, in recent years, President Erdogan has had such a wide range of businesspeople and ministerial works done:
"The economy is aimed at opening up to fifty billion dollars of trade, from natural gas to oil and security. In fact, mutual trade with existing countries has been increasing in recent years, especially with Qatar. We think that the United Arab Emirates will be added to this.
A Turkish journalist notes that President Erdogan knows that it is necessary to pay attention to the statements and speeches here: "There are seven countries in the region with which we have cooperated in the Gulf. The leading actors among these are Saudi Arabia, the United Arab Emirates, and Qatar. They have an investment target of three hundred billion dollars. The Istanbul Financial Center, created in recent years, attracts attention here."
"Although it is thought that President Erdogan is going for the hot money, there is an economic target with more strategic bilateral agreements based on years. Turkey's economic target is fifty billion dollars."
Ulviyya Shahin
