Türkiye, UAE Deepen Investment Ties with $6.3B Trade Flow
Türkiye is solidifying its place as a leading hub for foreign direct investment (FDI), with a keen focus on sustainable development, digital transformation, and regional collaboration. The Investment and Finance Office of the Presidency of the Republic of Türkiye is actively working to attract innovation-driven investments across diverse sectors, reinforcing Türkiye's ambition to be a global investment powerhouse.
Bilateral Growth in Trade and Investment with UAE
Türkiye’s ties with the UAE have seen substantial growth, particularly in trade and investment. In 2023, non-oil trade between the two nations surged to Dh148.9 billion ($40.54 billion), reflecting an 11.5% increase from the previous year. The partnership has been further solidified by a free trade agreement, unlocking new opportunities for bilateral investments. UAE investors contributed $307 million to Türkiye in 2023, while Turkish investments in the UAE reached $576 million, bringing the total mutual investment to $6.3 billion since 2002. As both nations embrace deeper economic cooperation, Turkish companies are expanding in the UAE, bringing innovation across various sectors.
Also Read: Taiwan Adds Huawei, SMIC to Export Control List Amid Tensions
A Forward-Looking FDI Strategy with Sustainability at its Core
Türkiye’s 2024-2028 FDI Strategy focuses on attracting quality investments that not only promise economic returns but also align with long-term development goals, including clean energy, digital transformation, and sustainable innovation. As part of its commitment to environmental sustainability, Türkiye has set an ambitious target to achieve net-zero carbon emissions by 2053, making it an appealing destination for investors prioritizing environmental, social, and governance (ESG) criteria. Türkiye’s growing startup ecosystem is also a focal point of this strategy, with increasing investments in high-tech sectors like fintech, mobility, and health tech, further enhancing its appeal as a hub for regional and global market access.
