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Turkish President Recep Tayyip Erdogan believes that the relations between Turkey and "Israel" will gain new momentum after they have recently restored full diplomatic relations, Erdogan's office said on Friday after the Turkish President and his Israeli counterpart, Isaac Herzog, discussed bilateral ties and regional issues in a phone call.

Read: Turkey ignores Palestine, bolsters ties with 'Israel' 

On Wednesday, Turkey and "Israel" agreed to mutually reappoint ambassadors and restore full diplomatic ties. To Erdogan, this is "an important step taken in order for the bilateral relations to advance in a positive direction."    

"Noting that the re-appointment of the ambassadors will add momentum to the [Turkey]-Israel relations, President Erdogan said [Turkey] favors the improvement of cooperation and dialogue on the basis of respect for mutual sensitivities," the presidential office said on Twitter.

Relations between Turkey and “Israel” deteriorated due to the occupation’s policies toward Palestinians, culminating in the withdrawal of both countries' ambassadors in 2018.

Turkish President Recep Tayyip Erdogan was considered by some a vocal supporter of the Palestinian cause. However, he has been lately reaching out to “Israel”, aiming to repair relations as Turkey's official inflation rate was at a 20-year-high in April, which posed a significant challenge to Erdogan's government.

It is worth noting that the talks between Erdogan and his Israeli counterpart Isaac Herzog took place amid a widespread Israeli crackdown on Palestinians during the holy month of Ramadan.

Many of Turkey's social issues, economists contend, are the result of Erdogan's unusual economic policy, which has pushed many foreign investors away from the once-promising growing market.

One of the reasons why Erdogan decided to open his country's doors to the Israeli occupation is to quench  Turkey’s thirst for investors, turning a blind eye to the ongoing murder of Palestinians and the endless violations of human rights.