Our country, which has been struggling with the recent exchange rate increases and the pandemic, continues to make various investments to overcome these problems. The most important step in this area has been taken today. The agreement between Turkey and Saudi Arabia revealed that one of the investments in question would be in the field of technology.
Today in Beştepe Abu Dhabi Crown Prince Prince Mohammed bin Zayed Al Nahyanhosting the President Erdogansigned a joint investment agreement between the two countries. In this context, besides cooperation in the fields of trade, energy and environment, agreements covering direct investment are also signed between the two countries. Here are the details….
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Turkey and Saudi Arabia establish joint technology fund
The said investment agreements were signed between Abu Dhabi Development Holding, the state investment fund of the United Arab Emirates, and Turkey Wealth Fund. This union, which is also under the guarantee of the Presidential Investment Office, aims to establish an investment fund in Turkey and to invest in technology companies in our country for their development and opening up to new areas.
The details of the deal and the amount of the fund are not yet known. However, this agreement is very important for companies in our country. In this way, Turkey, which falls behind in terms of investment in new generation technologies, will be able to make up for these deficiencies in various fields.
For example, if we need to start from TOGG; One of the biggest problems in the production of the national car is the battery. Although it seems like a simple technology, lithium batteries are very important and require hundreds of millions of dollars of investment for their production. Such agreements make technology investments even more possible in the future.
So what do you think about this subject? How do you think the agreement our country signed with the United Arab Emirates will benefit in the future? You can share your views with us in the comments section.