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Turkey’s exports to UAE and Saudi Arabia rise 78%

Turkey's President Erdoğan on a recent visit to the UAE, during which the UAE government commited to investments totalling $51bn over three years Handout via Reuters
Turkey's President Erdoğan on a recent visit to the UAE, during which the UAE government committed to investments totalling $51bn over three years

Turkey’s exports to the United Arab Emirates (UAE) and Saudi Arabia reached $11.2 billion (336 billion lira) in 2023, an increase of 78 percent from $6.3 billion in 2022, according to a local media report.

Exports to the UAE increased by 63.4 percent year on year to $8.58 billion last year, state-owned Anadolu Agency said, based on data available from the Trade Ministry and Turkish Exporters Assembly (TIM).

Exports to Saudi Arabia surged 150.3 percent annually to reach $2.6 billion.

The jewellery sector topped the list of exports to the UAE, while products such as carpets, grain, pulses and chemicals were among the goods shipped to Saudi Arabia.

Following his election as president in July 2023, Recep Tayyip Erdoğan visited Saudi Arabia, the UAE and Qatar as part of his GCC tour. During these visits, 18 agreements were signed in several sectors, and a $50.7 billion pact was struck with the UAE.

Turkish transport and infrastructure minister Abdulkadir Uraloglu last week said that the UAE and Qatar are considering joining the mega Development Road project, which will link southern Iraq to Turkey. 

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