President Recep Tayyip Erdogan signed $50.7 billion strategic agreements with the UAE to enhance bilateral ties.

These deals cover export financing, earthquake bonds, energy, defense, and other sectors.

Erdogan visited Saudi Arabia, Qatar, and the UAE to seek trade and investment for Turkey’s economy.

Emerging markets specialist Timothy Ash sees these acquisitions as a strategic connection between Turkey and the Gulf states, supporting Ankara’s economic reform initiatives.