According to Bloomberg, the United Arab Emirates fund ADQ is discussing the railway project to the 3rd bridge with Turkiye.
It was stated that the United Arab Emirates and Turkiye discussed the construction of the railway line that will pass over the Yavuz Sultan Selim Bridge.
According to the information given by the authorities to Bloomberg, There was heavy traffic at the Ministry of Transport, Maritime Affairs and Communications for the Basra-Baghdad-Turkiye-Europe railway project, which President Recep Tayyip Erdogan brought to the agenda after returning from the G-20 summit and announced that joint work would be initiated with the United Arab Emirates.
In this context, technical committees discussed the details of the Development Road project.
Accordingly, Abu Dhabi-based fund ADQ, which manages assets of $160 billion, met with Turkiye to implement the railway line in the Yavuz Sultan Selim Bridge project.
A UAE official said in a written statement to Bloomberg: “The UAE aims to increase cooperation with Turkiye to increase its foreign trade volume to $40 billion by 2030. This goal will be achieved by establishing new investment channels in the energy, logistics, tourism, agriculture and more sectors.”
President Erdogan, in his statement to the media members accompanying him upon his return to India last month, said, “Mohammed Bin Zayed, in particular, made a much more determined suggestion on this issue. He said, ‘Let’s not prolong this matter, let our friends finish the negotiations in 60 days, and let’s lay the foundations immediately and hit the road.’ So, they are so excited about this job and we have given the necessary instructions to both our Minister of Foreign Affairs, Hakan Fidan, and our Minister of Transport and Infrastructure, Abdulkadir Uraloglu.”
Source: Bloomberght / Prepared by Irem Yildiz