Turkey Technology Fund
Turkish-Emirati Step Towards Huge Investments

With a $300 million capital, the UAE "ADQ" and the Turkish Sovereign Wealth Fund announced the launch of the "Turkey Technology Fund" with the aim of investing in various investment capital funds and emerging companies with high growth potential in Turkey.

The fund will invest in companies working on developing new technologies, or improving existing technologies in important sectors, such as energy, health facilities, life sciences, food, agriculture, transportation, logistics, financial services, and education.

The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the Turkish Industry and Business Association, which aims to enhance effective cooperation in the fields of trade, industry and investment to serve common interests and objectives.

Under the terms of the agreement, the two sides will work to coordinate their efforts to facilitate and expand cooperation, trade and business between their members, exchange economic, commercial and industrial information in sectors of common interest. In addition to introducing investment opportunities in the business environment in the UAE in general, and Abu Dhabi in particular, and its counterpart in the business environment in Turkey.

The agreement stipulated cooperation in organizing efforts between the two parties, to hold commercial events, conferences, seminars, etc., in addition to inviting members of the two chambers to participate in exhibitions and various economic activities organized by the two parties, and coordinating between them to exchange visits of delegations, trade missions and holding business meetings.

Edited by Mersat Real Estate Team ©

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Last Updated::2022-06-07

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