The International Arab Banking Summit “Istanbul 2024”

“Arab – Turkish Economic and Banking Relationships”

 23^rd – 24^th of May, 2024   The Peninsula Hotel    Istanbul – Türkiye

General background

The relationship between the Arab world and Turkey has deep historical roots, spanning centuries of cultural, economic, and geopolitical interactions. Today, amidst a rapidly evolving global landscape, both regions stand poised to leverage their shared heritage and strategic positions to forge a robust economic and financial partnership.

Turkey, with its dynamic economy and strategic location at the crossroads of Europe, Asia, and the Middle East, has emerged as a key player in the global economy. Its diverse industrial base, skilled workforce, and ambitious infrastructure projects have positioned it as an attractive destination for investment, trade, and tourism. Similarly, the Arab world encompasses a vast and diverse region rich in resources, talent, and economic potential. From the oil-rich Gulf states to the rapidly growing economies of North Africa, the Arab world offers a myriad of opportunities for economic cooperation and collaboration. In recent decades, economic relations between Arab countries and Turkey have grown steadily, driven by factors such as shared cultural affinities, geographic proximity, and complementary economic structures, which flourished the trade and tourism between the two regions.