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Looking ahead, we aim to further enhance our investment presence in the
UAE, particularly in the areas of logistics, finance, renewable energy, and
infrastructure. This is made possible by the UAE's favorable investment
environment, which offers numerous incentives for Turkish companies to
leverage and benefit from.

The UAE-Türkiye agreed a $5 billion currency swap deal last year to
strengthen the lira. How do you describe its impact on bilateral trade, and do
you have a plan to increase the limit?

Türkiye places significant emphasis on enhancing and solidifying economic,
financial, and political relations with its partner nations. One effective
approach to achieve this objective is through the signing of swap agreements.
Such agreements not only bolster bilateral trade and investments but also
promote the use of local currencies in trade, while also sending positive
signals to financial markets.

Given the strong fraternal ties and prominent partnership between Türkiye and
the UAE, the two countries have signed a swap agreement to further
strengthen their existing relationship. In the first eight months of 2023, the
trade volume between our nations has shown growth compared to the same
period in 2022. The swap agreement will provide additional support in
enhancing trade relations. The possibility of increasing the existing limit can
be considered by the central banks of Türkiye and the UAE. Any
developments regarding this matter will be duly announced to the public by
our respective central banks.

What are the foreign investment trends that will strengthen the Turkish
economy in coming years?

As a natural bridge between East and West and the North-South axes,
Türkiye is an efficient and cost-effective hub to major markets, offering easy
access to a combined population of 1.3 billion people and a GDP of $28
trillion, all within a four-hour flight radius. Türkiye has demonstrated
outstanding economic growth, with an average annual growth rate of 5.4 per
cent over the last 20 years, moving from the 18th up to the 11th largest
economy in purchasing power parity terms in the world within the same
period. With this remarkable growth rate, Türkiye has surpassed peer
countries in the region that are grouped in terms of attracting FDI.

https://www.khaleejtimes.com/supplements/uae-and-turkiye-elevating-relations-to-the-level-of-a-
strategic-partnership