HomePress ReleaseEIN PresswireTürkiye Signs Cooperation Agreements in the Fintech Sector with Gulf Countries

Türkiye Signs Cooperation Agreements in the Fintech Sector with Gulf Countries

Payfix administration Board Members with Minister of Finance of Turkiye Mehmet Simsek

Türkiye has a purpose of changing into a fintech hub.”

— Erkan Kork, Chairman

INSTANBUL, TüRKIYE, July 27, 2023/ — Türkiye boosts fintech collaboration with Gulf international locations by means of signed agreements throughout visits to Saudi Arabia, Qatar, and the UAE, aiming to strengthen bilateral relations and set up itself as a fintech hub.

In these visits to Saudi Arabia, Qatar, and the UAE, Türkiye signed 18 agreements and a joint declaration protecting varied areas, together with funding, business, healthcare, renewable power, and the area business. Personal sector representatives assessed Gulf international locations’ funding and cooperation alternatives. Contacts had been additionally established in the fintech sector. Erkan Kork, Chairman of PayFix said, “Türkiye has a purpose of changing into a fintech hub. Similar to in many different sectors, Türkiye can even develop into a hub for Gulf international locations in the fintech discipline.”

Erdoğan’s Gulf tour enhances commerce and funding cooperation. Over 200 Turkish enterprise delegates attended conferences in Abu Dhabi, Jeddah, and Doha, coinciding with Türkiye’s foreign money attraction efforts and Gulf international locations funding diversification targets.

50.7 billion {dollars} settlement between Türkiye and UAE

Throughout Erdogan’s go to, which encompassed Saudi Arabia, Qatar, and the UAE, agreements and a joint declaration had been signed in varied fields, together with funding, business, protection, healthcare, renewable power, and the area business, totaling 18 agreements. Essentially the most outstanding one was the $50.7 billion settlement signed between Türkiye and the United Arab Emirates throughout President Erdogan’s assembly with UAE’s President, Sheikh Mohammed Bin Zayed Al Nahyan.

Türkiye Might Turn into Fintech Hub in Gulf

Essential representatives of the enterprise neighborhood additionally welcomed Erdogan’s Gulf go to with satisfaction. Erkan Kork, Chairman of PayFix, said that with the go to of President Recep Tayyip Erdoğan, a chief interval has been skilled in relations with Saudi Arabia, Qatar and the UAE. He mentioned, “We had vital discussions in the fintech sector. There’s a sturdy want to take a position in Türkiye. Throughout this course of, our Funding Workplace President, Burak Dağlıoğlu, is making great efforts to draw investments to Türkiye, and we’re grateful to them. We had essential discussions in the monetary expertise sector. Türkiye is really a land of alternatives. As our President talked about, Türkiye goals to develop into a fintech hub. Türkiye can probably be a hub for Gulf international locations in the fintech discipline, identical to it’s in many different sectors.”

About PayFix

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Erkan Kork –

+90 532 204 99 21

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