DEİK will organize a business forum in Saudi Arabia, Qatar and the UAE with the participation of President Erdogan as part of the Gulf tour. Saudi Arabia – Turkey Business Forum will be held on July 17 in Jeddah, Qatar – Turkey Business Forum on July 18 in Doha, and the UAE – Turkey Business Forum on July 19 in Abu Dhabi.
200 business people from every sector
DEİK President Olpak said that they will make a landing in the Gulf countries with the business world as part of Erdogan’s Gulf tour. Stating that there is a great deal of interest from business people for the business forums and meetings they will hold in the region, which has great cooperation opportunities, Olpak said, “In line with this interest, we, together with our President, sent a giant, large-bodied private plane, consisting of more than 200 business people, to three countries in three days as DEİK. We are moving with the trade caravan. In the tour, where we expect to have very productive negotiations, cooperation agreements of billions of dollars in sectors such as contracting, housing, digital technologies, energy, tourism, health, food, agriculture, transportation and finance will also increase significantly in the short term. We anticipate.” said.
Export records may come
Pointing out that 16 agreements were signed at the meeting held in Istanbul under the chairmanship of Trade Minister Ömer Bolat as the first step, Olpak said, “The cooperations we aim to increase our mutual trade volumes with all the countries in the region much higher. We hear the footsteps of new export records for the coming period.” used the phrase. Olpak stated that after overcoming customs and visa problems, they focused on developing cooperation opportunities in which sectors and in which projects, and stated that they saw that there were investment and trade opportunities in many sectors with all three countries and they wanted to seize the opportunities.
Investment opportunities
Stating that these countries at the top of the Gulf economy are now acting with the vision of diversifying their economies and developing their industries, Olpak continued his words as follows: “The Turkish private sector, with its strong industry and sectoral diversity, is among the best alternatives to set an example for these countries and to walk together by sharing their experiences. We know that there are high-capacity projects in infrastructure. For example, Saudi Arabia’s 2030 vision projects total $3.3 trillion and Turkey has become a global brand for many years. In addition to these, energy and especially renewable energy, agriculture, food, digital We think that there will be cooperation opportunities in many fields such as technologies, e-commerce, fintech, finance, tourism, housing and logistics.”
What are the foreign trade targets?
Olpak stated that while exporting 1.5 billion dollars to Saudi Arabia by the end of 2022, the total foreign trade volume approached 6 billion dollars. Olpak emphasized that their aim is to increase this to 10 billion dollars in a balanced way as soon as possible, and then to 30 billion dollars in the long term. Stating that 1.5 billion dollars were exported to Qatar by the end of 2022 and that the total foreign trade volume is currently at the level of 2.2 billion dollars, Olpak said that their aim is to increase this to 5 billion dollars in a balanced way in the first place. Olpak reminded that exports to the UAE were 5.3 billion dollars and foreign trade volume was around 10 billion dollars in 2022.
A professional writer by day, a tech-nerd by night, with a love for all things money.