Turkey’s Erdogan Repairs Ties With Rival UAE for Investment

Turkey’s President Recep Tayyip Erdogan is set to meet with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, the UAE’s de facto ruler, as the regional rivals seek to repair ties.

The Turkish Presidency announced that Erdogan will be receiving Mohammed bin Zayed in Ankara on Wednesday to review “all aspects” of Turkey and UAE’s bilateral relations.

Mohammed bin Zayed will be discussing with Erdogan “the prospects of consolidating bilateral ties across various fields to achieve their mutual interests, in addition to reviewing a number of issues of common concern and the latest regional and international issues,” Emirati news agency WAM reported.

The meeting came “at the invitation of Turkish President Recep Tayyip Erdogan,” WAM said. It marks the first high-level interaction between the two countries after years of competition over influence in the Middle East.

The visit also comes as Turkey is seeking foreign investment to ease an economic crisis. The value of the Turkish lira had fallen as much as 18 percent on Tuesday, making it harder for the country to pay off foreign debt and pushing the prices of imported goods higher.

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