On Monday, Turkish President Recep Tayyip Erdogan posted a tweet in Arabic in which he revealed his destination for the Gulf tour.

“We are going to Jeddah, the first stop of our trip to Saudi Arabia, Qatar, the United Arab Emirates and the Turkish Republic of Northern Cyprus,” Erdogan said.

He further said, “I am confident that these visits, which we are undertaking at this critical time, will be in the interest of our bilateral relations and our regional stability. Peace, stability and prosperity around Turkey, and we want to spread solid foundations on which to base our relations with Turkey.” Gulf countries, in their large-scale cooperation.

“The volume of bilateral trade with the Gulf countries has increased from $1.6 billion to about $22 billion in the last two decades,” he said.

“Through the working forums we will hold during our visit, we will look for ways to increase this number further,” he added.

During the visit, Erdoğan stressed that he will exchange views on current regional issues and work to strengthen bilateral relations.

The Turkish president stressed that he will strengthen Ankara’s ties with the Gulf countries, with which it has historical, fraternal and deep-rooted ties, noting that his country has recently made solid progress with the Gulf countries.

Before leaving Istanbul, Erdogan said: “During our visits, our main agenda will be joint investment and trade activities with these countries in the coming period,” noting that “this visit has a theme.”uTwo main aspects are investments and financial dimension. We have high confidence in both of them.”

The Turkish president pointed out that the trade exchange with the Gulf countries has increased from 1.6 billion dollars to almost 22 billion dollars in the last twenty years. “With the organization of business forums, we will look for ways to move this number further,” he added.

Two senior Turkish officials were quoted by Reuters as saying Turkey expects the Gulf states to pay an initial estimated $10 billion in direct investments in local assets as a result of Erdogan’s tour of the region.

In May, Turkey inflation fell below 40% For the first time since December, but analysts expect a further rise in July, it was hit by a decline in the Turkish lira’s exchange rate, which lost 23%. %Its value against the dollar since the end of May.