Abu Dhabi: The United Arab Emirates has announced a ارب 10 billion fund for investment in Turkey.

According to details, Turkish President Recep Tayyip Erdoانan and Crown Prince of Abu Tahabi Sheikh Mohammed bin Zayed Al Nahyan met in Ankara during which many important agreements were reached.

The two countries agreed on investment agreements, with the Central Bank of Turkey and the Central Bank of the UAE signing a Memorandum of Understanding. Under the plans, Emirati funds will be invested in the logistics sector, energy, health and food sectors in Turkey on a priority basis.

Sheikh Mohammed bin Zayed said that an important meeting was held with the Turkish President. The two countries emphasized on the development of economic relations.

The international situation was also discussed at the meeting held in the Turkish capital Ankara.

On the other hand, the Turkish Foreign Minister said that the talks between the Turkish and Emirati leaders were successful. On his arrival in Ankara, Sheikh Mohammed bin Zayed was given a warm welcome and was greeted with a salute of 21 cannons.

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