Turkey to kick off talks with UAE on energy investment

Turkey is to start talks with the United Arab Emirates over funding its energy sector, the deputy power minister said yesterday.

According to Reuters, Alparslan Bayraktar told reporters that Turkey is in talks with the UAE on energy cooperation.

“There are such a lot of areas where we will cooperate,” he said.

Last month, the UAE announced it was looking for deeper commerce and financial ties with Turkey and seven international locations in an effort to defend its standing as a world enterprise hub after the pandemic.

The renewed focus on the economy also follows a reset of its assertive foreign policy that has seen it take steps to mend strained ties with regional power Turkey and neighbour Qatar.

READ: Turkey’s Erdogan holds rare meeting with senior UAE official