World Bulletin / News Desk
Turkish Economy Minister Zafer Caglayan on Monday addressed a business forum in Abu Dhabi, the capital of the United Arab Emirates, saying that the two countries should work to boost their bilateral trade volume to as high as $50 billion.
"Our combined foreign trade volumes stands at nearly $1 trillion and our bilateral trade volume is $11.8 billion, which is a sizeable figure but it is not enough. There is no reason that hinders us from increasing it to $50 billion," Caglayan told businesspeople participating in the forum.
Caglayan said Turkey was able to boost its foreign trade at a time when European countries and the United States struggled with economic and social problems, adding that his country's performance largely owed to market diversification.
Caglayan said Turkey's construction sector ranked second in the world after China, adding that it had undertaken projects of $244 billion in 2012.
"Turkey offers great investment opportunities and we want you to take advantage of them. We can also engage in cooperation in third countries by joining our entrepreneurial capabilities," Caglayan said.
As part of his contacts in Abu Dhabi, Caglayan also met separately with Economy Minister Sultan bin Saeed al-Mansuri and with Nasser Ahmed Al Sowaidi, chairman of Abu Dhabi's Department of Economic Development.
Kristijan Durasek wins 51st Presidential Cycling Tour of Turkey, Spanish cyclist Luis Mas Bonet claims final stage win.
Erdogan criticizes pro-Kurdish party's mayors for not greeting him at airport during speeches in Diyarbakir and Batman.
More than 300 people detained under new domestic security law.
On Friday Cavusoglu told Turkish daily, Sabah, that the U.S. and Turkey share the view of a Syria without President Bashar Assad.
Turkey's energy minister Taner Yildiz says delivering natural gas from Southern Cyprus via Egypt is not feasible.
285 students from 19 countries have been studying at Harbiye, the Turkish Military Academy.
Turkey's energy minister underlines importance for Turkmenistan's gas to reach European markets via Turkey.
Turkey granted island aid in past decade to facilitate budget balance and help pay for large portion of public expenditures.
Iconic Taksim Square blocked off as Turkey's largest city hosts Labor Day demonstrations.
Police take extensive security measures as Turkey's largest city readies itself for Labor Day demonstrations.
Four days of rescue operations result in 303 being saved in Turkey's western Aegean Sea.
Total of 112 ballot stations to open worldwide for Turkish nationals wanting to vote in June general elections, says Supreme Election Board.
Turkish dailies on Thursday cover a National Security Council meeting on the 'parallel state' plus latest developments from the Nepal earthquake which has killed over 5,500 people.
Credit rating agency Fitch says country will 'ride out' capital outflows after U.S. raises interest rates.
Suspects accused of abuse of power while working at Marmara Research Center, which is linked to Scientific and Technological Research Council of Turkey.
Suspects, including members of Taksim Solidarity, had been accused of 'establishing an organization to commit an offense and attending illegal meetings.'