Abu Dhabi’s Wealth Funds Weigh Turkey Investments Worth Billions


Among funds eyeing Turkish investments are Abu Dhabi Investment Authority (ADIA) and ADQ.

Wealth funds in Abu Dhabi are on the prowl in Turkey, scouting for targets for billions of dollars in investments, according to people familiar with the matter.

Talks between the funds from Abu Dhabi and companies in Turkey have been ongoing for months, the people said. The interest preceded a breakthrough phone conversation in August between Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed Al Nahyan and Turkish President Recep Tayyip Erdogan, amid increasing signs of a thawing of relations.

The investment discussions provide further evidence of a turnaround in ties between the two countries.

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