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Saudi Arabia and Turkiye to boost economic relations

Türkiye and Saudi Arabia are planning to hold a business forum soon as the two countries enter a period of developing bilateral trade relations, the Turkish trade minister has said at a business meeting.

Saudi Arania_ Turkiye
Figure: Türkiye and Saudi Arabia are planning to hold a business forum soon as the two countries enter a period of developing bilateral trade relations.

According to a statement from Türkiye’s Foreign Economic Relations Board (DEIK), from now on, trade activities will increase and accelerate between the two sides, Mehmet Mus said at the Türkiye-Saudi Arabia Business and Investment Roundtable Meeting on Thursday.

Underlining that Ankara and Riyadh could work together in regions such as Africa and East Asia, Al Qasabi praised Turkish companies as ‘ingenious and talented’, a news agency reported.

Al-Falih also said the two sides would move towards renewing good relations and establishing solid ties.

“There are investment projects, there is an opportunity worth $3.3 trillion,” he said, stressing that investments could serve as a locomotive for both economies.

This came after a recent visit by Saudi Crown Prince Mohamed bin Salman, during which he met Turkish President Recep Tayyip Erdogan and discussed improving ties between the two countries.

Relations between Ankara and Riyadh had been strained in recent years due to foreign policy differences.

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