Khaleej Times

Turkey aims to boost GCC ties amid free trade talks

- AFP

kuwait city — Turkish President Recep Tayyip Erdogan on Monday said he aimed to boost economic and military ties with Arab Gulf states, as talks on a free trade zone deal pushed ahead.

Erdogan, who is expected in Kuwait on Tuesday, said Ankara was involved in “high level strategic dialogue” with the sixnation Gulf Cooperatio­n Council (GCC), the state-run KUNA news agency reported.

Erdogan also confirmed that talks on a free trade zone between Turkey and the GCC were under way.

During his visit, Erdogan and Kuwait Amir His Highness Sheikh Sabah Al Ahmad Al Sabah are expected to lay the foundation stone of a $4.3 billion airport expansion project awarded to Turkish firm Limak Holding.

The expansion will triple capacity to 25 million passengers over the next six years, and is the largest contract to date for a Turkish company in Kuwait.

Erdogan said Turkish firms were involved in projects worth a total $6.5 billion in the Gulf emirate.

Trade volume between the two countries was $1.3 billion last year, with Turkish exports representi­ng $431 million, Erdogan said.

Turkey’s trade volume with the GCC states — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE — is currently around $17 billion, up from $1.7 billion in 1999. —

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