UAE and Turkiye expand business links; Renewed hope lies on the horizon for trouble-beset Levant region; Gulf real estate momentum continues even as concerns emerge
The UAE’s investments in Turkiye, along with the contracts won by Turkish firms in the UAE, highlight the mutual opportunities available to both countries.
Turkiye is already the UAE’s fourth-largest non-oil trading partner, rising from seventh place in 2021. Last year, non-oil trade between the UAE and Turkiye grew by 11.5%, reaching $40.5bn.
With this momentum set to continue, MEED’s latest issue takes an in-depth look at the growing trade relationship between the two countries.
In our 10-page opening Agenda section, MEED editor Colin Foreman speaks exclusively to the president of the investment and finance office of the Presidency of the Republic of Turkiye, Burak Daglioglu, about bilateral investment; and talks to Kalyon Holding CEO Mustafa Kocar about the construction firm’s new focus on the Middle East.
There are also interviews with DenizBank CEO Recep Bastug, on the strengthening financial links, and with the vice-president of sales at Turkish Airlines, Erol Senol, on the airline’s pans for further growth.
This month’s Levant market focus covers Jordan, Lebanon and Syria and finds all three countries working to recover from recent events beyond their control.
MEED’s latest issue also includes a comprehensive GCC real estate report, covering all six markets in detail. The sector is showing signs of facing a more nuanced reality due to economic slowdown, regional tensions, oversupply risks and delivery constraints. Read more here.
We hope our valued subscribers enjoy the July 2025 issue of MEED Business Review.
Must-read sections in the July 2025 issue of MEED Business Review include:
> AGENDA:
> UAE-Turkiye trade gains momentum
> Building on UAE-Turkiye trade
> Turkiye’s Kalyon goes global
> Strengthening UAE-Turkiye financial links
> Turkish Airlines plans further growth
> CURRENT AFFAIRS:
> Middle East tensions could reduce gas investments
> PROJECTS: GCC projects market collapses
> INTERVIEW: Hassan Allam eyes role in Saudi Arabia’s transformation
> INTERVIEW: Aseer region seeks new investments for Saudi Arabia
> LEADERSHIP: Nuclear power makes a global comeback
> LEVANT MARKET REPORT:
> COMMENT: Levant states wrestle regional pressures
> ECONOMY: Jordan economy nears inflection point
> GAS: Jordan pushes ahead with gas plans
> POWER & WATER: Record-breaking year for Jordan’s water sector
> CONSTRUCTION: PPP schemes to drive Jordan construction
> DATABANK: Jordan’s economy holds pace, for now
> ECONOMY: Lebanon’s outlook remains fraught
> RECONSTRUCTION: Who will fund Syria’s $1tn rebuild?
> MEED COMMENTS:
> Dubai’s tall towers reach new heights
> Contractors return to Palm Jebel Ali
> Nuclear U-turn is an opporunity
> Adnoc pursues global gas ambition
> GULF PROJECTS INDEX: Gulf projects index continues climb
> MAY 2025 CONTRACTS: Mena contract award activity remains subdued
> ECONOMIC DATA: Data drives regional projects
> OPINION: A farcical tragedy that no one can end
> BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts