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President Tayyip Erdogan said he has "high hopes" for investment and finance as he left on Monday for a trip to Saudi Arabia, Qatar and the United Arab Emirates as Turkey looks to ease budget strains, chronic inflation and a weakening currency. Two senior Turkish officials have said previously that Turkey expects Gulf countries to make direct investments of about $10 billion initially in domestic assets as a result of Erdogan's trip to the region. Since 2021, when Ankara launched a diplomatic effort to repair ties with Saudi Arabia and the UAE, investments and funding from the Gulf have helped relieve pressure on Turkey's economy and hard currency buffer.