Erdogan plans to attract $50B of investments to Türkiye from Gulf countries

Investment agreements worth more than $50 billion are planned to be signed during Turkish President Recep Tayyip Erdogan's Persian Gulf tour, the pro-government Hürriyet newspaper said, Report informs via TASS.

The paper noted that earlier the Turkish authorities planned to conclude investment agreements worth $40 billion.

Erdogan plans to visit Qatar, Saudi Arabia and the United Arab Emirates from July 17 to 19. Turkish Vice President Cevdet Yilmaz and Finance Minister Mehmet Simsek visited the Gulf countries last week. The Turkish leader told reporters earlier that he was counting on "serious investments" in the country, without naming their volumes.

According to Hürriyet, during the visits, energy, transport and defense industry agreements are expected to be signed.