The UAE promised to invest $ 51 billion in Türkiye. Why didn't that turn into transactions?

The UAE faces challenges in implementing its promise to invest $ 51 billion in Türkiye, two years after its announcement. The reason is due to the recovery of the Turkish economy, which has strengthened the position of local businesses in maintaining their evaluation, which led to the trouble of completing the transactions. The latest example of these challenges was the failure of the “Abu Dhabi Ports Group”, supported by the “Adq” Sovereign Fund in Abu Dhabi, in completing an agreement to acquire the rights of a port to the west of Türkiye. In addition, other transactions collapsed, including an offer to obtain one of the largest Turkish banks, and issuing a $ 8.5 billion debt. Why did the Turkish Emirati transactions stumble? The difference on the evaluation were the main obstacle to the Emirati -Turkish deals, according to people familiar with the matter, where Gulf Investors, who of Seek to Buy Troubled Assets with a discount, faced difficulty in reaching with turement with turement with turement with turement with turement with turement with turement with turement with turement with turement with turement Their hesitation in selling their assets in Exchange for Low -Price Reviews, as explained by the people who refused to reveal their identities due to the confidentiality of information. The promise announced in July 2023, after Turkish President Recep Tayyip Erdogan won a new state, is expected to help stabilize the struggling economy and reconstruction efforts of finance following the devastating earthquake that hit the country. “The Emirati investment strategy is related to more striking final deadlines and higher returns … The era of unconditional investments has disappeared.” Sueha Copukooglu, the first researcher at Trends Reservo & Advisori, but since then the Turkish policymakers have managed to avoid a crisis with foreign exchange reserves and place the economy on a stable path by adopting traditional monetary policy. This transformation made Emirati funds less important for Ankara. Haluk Burumchikchi, Burumcekci’s economic and consultant -based research and consultation, noted that “Turkish banks and companies have managed to easily borrow from abroad, and the central bank has strengthened its reserves since then.” Türkiye suspended an agreement of $ 8.5 billion last year, as Ankara believed that the proceeds asked the UAE was inappropriate. The ‘Abu Dhabi First Bank’ speaks to acquire a controlling share in the Turkish ‘Yaba Credit Bank’ is also collapsed, as well as the negotiations of the Emirati -Masdar investment business with the Fiba Yenienbilir enerji company due to disputes over the judgments. The group “Mustablay” and “Food Holding”, two units of the UAE Holding Company, were unable to complete transactions to obtain a Turkish waste management company and a shipping. Other prominent transactions, such as a railroad project across the Bosphorus Street in Istanbul and investments in Turkish defense companies, are still waiting. The only agreement implemented so far is the acquisition of ‘ADQ’ company on ‘Odeabank’ from ‘bank or Odeh’ in Turkey. Türkiye is optimistic about a partnership with the UAE, but Türkiye remains optimistic about the economic partnership. Burak Dagleyoglu, head of the Turkish presidency investment office, recently said at an event in Abu Dhabi that it expects bilateral investment flow to grow more, supported by the comprehensive economic partnership agreement between the two countries. Many entities that try to obtain Turkish origin, including ‘Adq’, are also part of the great commercial empire of Sheikh Tahnoon bin Zayed Al Nahyan in Abu Dhabi. Although these companies are known for their strong activity in the conclusion of transactions, they are also known to obtain the best possible conditions in the agreement. But Sueha Copukooglu, the first researcher at Trends and Advisory, believes that the Emirati investment strategy is linked to more striking final dates and higher returns, reflecting the ‘Golf First’ approach that gives preference to investments that achieve major returns. Stress: “The era of unconditional investments has disappeared.” The vague expands in Egypt and Europe, but the UAE continued to use its oil money to increase its influence. Last year, the UAE “ADQ” business unveiled plans to invest $ 35 billion in Egypt, which is the largest direct foreign investment in the history of the country in North Africa. Recently, the UAE government promised to invest $ 52 billion in France and $ 40 billion in Italy. One of the businesses supervised by Sheikh Tahnoon also helps finance the $ 100 billion intelligence project, which was unveiled by US President Donald Trump.