Turkey, UAE to sign accords on energy, technology at talks: Officials

Turkey, UAE to sign accords on energy, technology at talks: Officials

Turkey and the United Arab Emirates will sign accords on energy and technology investments after talks between President Tayyip Erdogan and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan in Ankara on Wednesday, a Turkish official said.

Sheikh Mohammed’s meeting with Erdogan, the first such visit in years, comes as the two countries work to mend frayed ties and amid a currency crisis in Turkey.

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The official said the memorandums of understanding would be signed between the Abu Dhabi Development Holding (ADQ), Turkish Wealth Fund (TVF), and the Turkish Presidency Investment Office, as well as with some Turkish companies.

The agreements highlight the pivot towards economic partnership after a battle for regional influence since the Arab uprisings erupted a decade ago. The disputes have extended to the eastern Mediterranean and Gulf, before Ankara launched a charm offensive in the region last year.

ADQ will sign an accord on investing in Turkish technology firms and on establishing a technology-oriented fund, the person said, adding Abu Dhabi Ports will also sign an agreement on port and logistics cooperation.

ADQ will also sign deals with Turkish company Kalyon on energy and infrastructure, one with