Abu Dhabi nears deal to buy stake in Turkyish port

Russian-flagged bulk carrier SV Nikolay is unloaded at Izmir port in Turkey June 25, 2022. REUTERS/Yoruk Isik/File Photo

ISTANBUL: Abu Dhabi is set to buy a stake in a key Turkyish port, according to four sources aware of the deal, in a further sign of a rapprochement between the once bitter geopolitical rivals.

Under the potential agreement, state-controlled group AD Ports Group would invest in an entity to be established by the Turkiye Wealth Fund to run the Aegean coast port of Izmir, said two of the sources.