Turkish President Recep Tayyip Erdogan is set to embark on a three-day tour of Persian Gulf countries with the goal of signing investment agreements worth more than $50 billion. Accompanied by nearly 200 Turkish businessmen, Erdogan's visit will include talks with leaders from Qatar, the United Arab Emirates and Saudi Arabia, as well as participation in business forums organized by the Foreign Economic Relations Board of Turkey, according to TRT TV reports.
Nail Olpak, the head of the Foreign Economic Relations Board, stated prior to the trip that the discussions would lead to the signing of contracts in various sectors such as construction, healthcare, energy, transportation, finance, tourism, and agriculture. These agreements are expected to contribute to long-term projects both within the countries visited and in third-party territories. The specific investment amounts will be determined during the negotiations.
Cooperation in the defense industry will also be a key focus of the talks. Recent discussions between Turkish officials and Qatar have involved the purchase of military equipment such as drones, guided munitions, ground armored platforms, warships, and speedboats from Turkey. The parties are currently in negotiations regarding the potential sale of Turkish Milgem-class corvettes to Qatar, and there has been interest expressed by Qatar in Turkey's advanced Altay main battle tank project.
The tour will commence with Erdogan's visit to Saudi Arabia, with Turkey aiming to increase its annual trade turnover with the country to $30 billion, as highlighted by TRT.
Erdogan's Gulf tour aims to strengthen economic ties, foster collaboration in various sectors, and attract significant investment to Turkey.
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Photo: official website of the President of the Russian Federation
Based on materials from TASS