Alwaght | News & Analysis Website

Editor's Choice

News

Most Viewed

Day Week Month

In Focus

World against US Recognizing Al-Quds as Israeli Capital

World against US Recognizing Al-Quds as Israeli Capital

undefined
Myanmar Committing Genocide, Ethnic Cleansing against Rohingya Muslims

Myanmar Committing Genocide, Ethnic Cleansing against Rohingya Muslims

undefined
Awamiyah: Saudi Regime Killing Own Civilians

Awamiyah: Saudi Regime Killing Own Civilians

undefined
Qatar Row Deepens Persian Gulf States Rifts

Qatar Row Deepens Persian Gulf States Rifts

undefined
Ansarullah

Ansarullah

A Zaidi Shiite movement operating in Yemen. It seeks to establish a democratic government in Yemen.
Shiite

Shiite

represents the second largest denomination of Islam. Shiites believe Ali (peace be upon him) to be prophet"s successor in the Caliphate.
Resistance

Resistance

Axis of Resistances refers to countries and movements with common political goal, i.e., resisting against Zionist regime, America and other western powers. Iran, Syria, Hezbollah in Lebanon, and Hamas in Palestine are considered as the Axis of Resistance.
Persian Gulf Cooperation Council

Persian Gulf Cooperation Council

A regional political u n i o n consisting of Arab states of the Persian Gulf, except for Iraq.
ISIS Terrorist Group

ISIS Terrorist Group

A terrorist group that fights against Resistance Axis in Syria and Iraq. It was founded & armed by America and its allies covertly.
Taliban

Taliban

Taliban is a Sunni fundamentalist movement in Afghanistan. It was founded by Mohammed Omar in 1994.
  Wahhabism & Extremism

Wahhabism & Extremism

Wahhabism is an extremist pseudo-Sunni movement, which labels non-Wahhabi Muslims as apostates thus paving the way for their bloodshed.
Kurds

Kurds

Kurds are an ethnic group in the Middle East, mostly inhabiting a region, which spans adjacent parts of Iran, Iraq, Syria, and Turkey. They are an Iranian people and speak the Kurdish languages, which form a subgroup of the Northwestern Iranian branch of Iranian languages.
NATO

NATO

The North Atlantic Treaty Organization is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949.
Islamic Awakening

Islamic Awakening

Refers to a revival of the Islam throughout the world, that began in 1979 by Iranian Revolution that established an Islamic republic.
Al-Qaeda

Al-Qaeda

A militant Sunni organization founded by Osama bin Laden at some point between 1988 and 1989
New node

New node

Map of  Latest Battlefield Developments in Syria and Iraq on
alwaght.com
Report

Erdogan Visits Arab Sheikhdoms to Boost Turkey’s Stalled Economy

Wednesday 15 February 2017
Erdogan Visits Arab Sheikhdoms to Boost Turkey’s Stalled Economy

Alwaght- Turkish President Recep Tayyip Erdogan is visiting Persian Gulf countries of Bahrain, Saudi Arabia and Qatar in a bid to shore up his country's stalled economy.

Top on the agenda of the four-day regional tour which commenced on Sunday was economic cooperation between Turkey and the three Persian Gulf countries with security and political issue also dominating the talks.

In his visit to the three sheikhdoms, Erdogan is accompanied by Foreign Minister Mevlut Cavusoglu; Energy and Natural Resources Minister Berat Albayrak; Economy Minister Nihat Zeybekci; National Defense Minister Fikri Isik; and National Intelligence Agency chief Hakan Fidan.

During his whirlwind tour which started in Bahrain, Erdogan and country's King Hamad bin Isa Al Khalifa had a private meeting in addition to committee meetings in which the two countries signed deals on education, economy, energy and defense.

Closed door meeting with Saudi deputy crown prince

In his visit to Saudi Arabia on Tuesday Erdogan met the kingdom's ruler Salman bin Abdulaziz al-Saud in Riyadh where the two leaders reportedly spoke over lunch.

Earlier, Erdogan also met with Saudi Deputy Crown Prince and defense minister Mohammad bin Salman Al-Saud. That meeting, which lasted roughly 50 minutes, was held behind closed doors.

Erdogan arrived in Qatar late on Tuesday night in the last leg of his trip to the Persian Gulf states. Qatar appears to have better economic and security ties with Turkey than other Persian Gulf Cooperation Council member-states.

Economic relations between Turkey and Qatar saw significant growth between 2007 and 2016 -- a period that also coincided with improved diplomatic relations.

Last year, Turkey exported some $440 million worth of ships, yachts, electrical and electronic devices, machines and furniture to Qatar. Over the same period, Turkey imported some $271 million worth of aluminum, oil, petroleum products, and plastic products from Qatari manufacturers. Qatar has promising projects for Turkish investors as the country will be hosting the 2022 FIFA World Cup, which requires a lot of infrastructure investments.

Persian Gulf Sheikhdoms lucrative for Turkey's products

These three Persian Gulf Countries have been major destination for Turkey's exports from 2007 to 2016. According to statistics, during this period, Turkeys' exports to the three sheikhdoms amounted to nearly $33 billion. Saudi Arabia became the largest importer of Turkish goods with $27 billion during the same period and it was followed by Qatar with $3.9 billion and Bahrain with $1.7 billion.

Turkey's Tourism income drops

Turkey badly needs trade with Arab states as its tourism has taken a beating following increased terrorist attacks in the country and therefore Erdogan's visit to the Persian Gulf states is aimed at shoring up a declining economy. According to travel intelligence firm ForwardKeys, the number of tourists entering Turkey via airports fell 21% in 2016.

Even before the latest attack in Istanbul, the number of visitors was expected to fall by another 22% in the first few months of 2017. The World Travel & Tourism Council says Tourism constitutes about 5% of Turkey's economy while supports over 2 million jobs, or 8% of all employment.

With the frequent attacks by terrorists, the contribution of tourism in Turkey's economy will continue to decline and thus authorities in Ankara are looking for ways to fill the gaps.

Tags :

Turkey Persian Gulf Qatar Saudi Arabia Bahrain Erdogan Economy Tourism

Comments
Name :
Email :
* Text :
Send

Gallery

Photo

Film

Israeli Regime Demolishes Palestinian Facilities in Al-Khalil

Israeli Regime Demolishes Palestinian Facilities in Al-Khalil