Turkish President Recep Tayyip Erdogan wrapped up his tour of the United Arab Emirates on Wednesday, signing deals worth more than $50 billion, state media reported, citing AFP.

Turkey, mired in a serious economic crisis, has recently drawn closer to Saudi Arabia and the United Arab Emirates, following a regional trend of diplomatic detente.

Ankara and Abu Dhabi have had a frosty relationship in recent years, supporting warring sides on various fronts in the Middle East.

Emirati President Mohammed bin Zayed welcomed Recep Tayyip Erdogan to the “podium of honor” of the presidential palace in the capital Abu Dhabi on Wednesday, the official Emirates news agency WAM reported.

The two men witnessed the signing of several agreements and memorandums of understanding “worth an estimated $50.7 billion (€45.3 billion)” in the energy, construction, technology and defense sectors, the agency added.

Mohammed bin Zayed said the visit provided “a strong impetus to improve the prospects of the partnership” as part of the “strategic orientation aimed at the maximum progress of bilateral relations”, the agency added.

In March, Turkey and the Emirates already signed a free trade agreement aimed at increasing trade between the two countries to $40 billion (€35.6 billion) over five years.

Last year, the two countries signed a foreign exchange agreement worth nearly five billion dollars to increase Ankara’s foreign exchange reserves.