World Bulletin / News Desk
“We wish to deepen relations with Somalia. Turkey’s investment in Somalia stands at over $100 million,” Turkish Deputy Prime Minister Recep Akdag told a signing ceremony alongside his Somali counterpart Mahdi Mohammed Gulaid.
“This figure forms a foundation to prompt bigger cooperation in the days to come.”
He predicted that the bilateral trade volume would rise to $200 million from about $120 million in 2016.
He spoke at the opening of a Turkey-Somalia Joint Economic Commission meeting in the capital Ankara co-chaired by himself and Gulaid.
Akdag added that both countries should carry through 2016 memorandums of understanding in such areas as energy, mines, electricity, higher education, agriculture, and maritime affairs.
He added an expected free trade agreement between the two countries would boost trade ties.
Gulaid, for his part, said the meeting would maintain bilateral economic ties and bolster strategic cooperation in the years to come.
Turkey and Somalia have long enjoyed friendly relations, as Turkey has invested in many areas to help modernize Mogadishu, the capital of the Horn of Africa country.
Last September, Turkey opened its largest military training academy abroad in Somalia.
Located south of Mogadishu, the training facility took some two years to build.
The facility spans over 4 square kilometers (1.54 square miles), and can train more than 1,500 troops at a time, according to the Somali government.
First official visit to foreign country by Azeri president following reelection
Syrian, Afghan nationals held in Edirne and Van provinces
Eurasia Airshow to gather aeronautical professionals in southern resort city of Antalya
Around 1.4M Turkish immigrants are eligible to vote for early parliamentary and presidential elections on June 24
After defeat of FETO coup bid, no internal or external power will again attempt coup in Turkey, says parliament speaker
1 other terrorist injured during operation in eastern Tunceli province
Top government officials and politicians visit Anitkabir, the mausoleum of Turkish Republic founder Mustafa Kemal Ataturk
Security forces carried out nearly 1,400 counter-terrorism operations across Turkey over last week, says Interior Ministry
On Saturday, Turkish president said he does not want any more tensions with Greece
Afghan, Pakistani nationals among those held in Erzurum province
Turkish main opposition deputies resign to join Good (IYI) Party
Schools carry names of Turkish premier's mother and mother-in-law