recent momentum of Joint efforts encourage optimism for more in the trade Volume and investments between Turkey and Saudi Arabia, as they work to mend relations after years of tension.
main joint business forum in Istanbul late last The month repeated what seemed to be a strong will for fast progress Investment opportunities are highlighted in Both countries.
came at a time of Great recovery in couple trade The trading volume between Turkey and Saudi Arabia, which amounted to 3.7 billion dollars in 2021 before exceeding this figure to reach about $3.8 billion in the first nine months of 2022.
Ankara and Riyadh have set a goal To increase this number initially to $10 billion (187.44 billion TL) and then to $30 billion by 2030.
Recovery comes as Turkey and Saudi Arabia this year I moved to mend relationships years later of Tensions escalated significantly after 2018 murder of Dissident Saudi journalist Jamal Khashoggi in Consulate of the Kingdom of Saudi Arabia in Istanbul.
Minister of Treasury and Finance Noureddine Al-Nabati. who Attended the forum and held talks with Saudi minister of Khaled Al-Falih’s investment said they will continue work and cooperation to ensure That businessmen take advantage of the investment opportunities offered by the two countries.
According to the statements of officials of The two countriesForum, a second Version of which is scheduled to take place in Riyadh in March seeks for Turkish private strip l play Basic role in The giant projects that Saudi Arabia will launch in the scope of Vision 2030.
Promising integration and opportunities
“we are looking for partners in Saudi markets. The opportunities are very great, and we are need Our Turkish brothers to put their hands down in us and help us and be with us And the play An essential and important role, said Amer Al-Ajmi, a Saudi investor and businessman who He is also Executive Vice President of the international Al-Fanar Company.
Saudi Vision 2030 features plans to diversify it economy away from fossil fuels by boosting tourism, real Property, trade logistics and building new cities and all facilities of Which require huge capital and cooperation to bear out.
“we also Present in Turkish market We are looking for opportunities in field of Renewable energy. We have invested in Turkish markets for more “More than 10 years ago, our company achieved annual profits estimated at $25 million,” Al-Ajmi told Daily Sabah.
He paid tribute to Turkish marketShe said, “It’s very big in terms of Technical suppliers and contractors.
The Saudi-Turkish relationship is an eternal relationship that has existed ever since ancient times And they are here to stay so that we can communicate, integrate, and integrate with each other moreAs our leaders said.
Khaled Hussein Al-Jahdali, Chairman of Al-Haytham Mining Company stressed the importance of the forum, praising the relations between the two countries.
We have discussed opportunities with Turkish businessmen and investors, whether inside Turkey or inside the Kingdom of Saudi Arabia, and we signed several agreements with Turkish side in terms of mining and aviation, and the field is promising between them countriesand the future He promises to achieve the vision of “Our kingdom is 2030,” Al-Jahdali told Daily Sabah.
“Turkey has it great history in field of Mining There are many ores in He. She. Turkish experience in advance these areas great We hope that opportunities will be realized and integrated between the two parties.”
Saudi businessman Ziyad Al-Bassam. head of Al Bassam Group, said that Saudi Arabia and Turkey were the two largest economies in The region is emphasizing fact They are two members of The G-20.
smiling also Notice what he said was a very large volume of Integration of the two countriesEspecially with Existence of great Investment opportunities within range of Kingdom Vision 2030.
We felt an urgent desire from Turkish businessmen and investors to participate in these opportunities. On the other hand, Saudi businessmen were informed on Existing opportunities in Turkey in In order to invest “Al Bassam added.
elaboration on The most prominent areas of investment in He emphasized many of them, including industry, tourism and the health sector.
In addition, the investor chooses for fields in who has experience Al-Bassam said, “The necessary studies are being conducted before investing.”
Saudi investor and businessman Merit Al-Dhafiri said that the forum was good An idea to increase investment and cooperation in the business The sector between Saudi Arabia and Turkey.
“If we look at each country separately, we see that it has aspirations that the other country can meet, and this contributes to accelerating cooperation between the two countries,” Al-Dhafiri said.
Al-Dhafiri believes that: “In order for This is for my business to happen plans must be drawn up after the forum, for future steps Should work on And activate it, like setting up Committees in each domain for For example, a commission for Petrochemical sector and committee for emerging energy sector, etc., and work items It is distributed so that we can speed up the operation.”
The renaissance of the contracting sector
Biology of Turkish relations with Saudi Arabia, as well as other members of The GCC is said to have provided additional impetus to several industries, chief among them property amid expectations of more in Gulf demand for real Property.
lately improvement in Relationships opened the door for Turkish contractors to enter the “big marketEspecially as Saudi Arabia aims build projects worth 3.3 trillion dollars over the next 10 years, according to L.N head of Turkish Contractors Association (TMB), Erdal Eren.
Erin, in Interview with Anadolu Agency (AA) said the rapprochement with Gulf countries Contribute to recovery of The contracting sector through the opportunities it provided for participation in new projects either in these countries or in other Islamic countries.
he thinks that head of the Union of The Saudi Contractors – Zakaria Al-Abd Al-Qader – Chairman of the Union of contractors of Islamic countries provide an opportunity for Turkish and Saudi contractors to enhance their cooperation and partnerships.
Turkish contractors consider President Recep Tayyip Erdogan’s visit to Riyadh and the subsequent visit to it of Saudi Crown Prince Mohammed bin Salman (MBS) opened to Ankara a new page in relationships or connections of The two countries said Erin.
Erdogan’s visit to Saudi Arabia in April distinguished first High profile visit in Years. His trip followed that of Mohammed bin Salman to Turkey in Jun.
The two leaders also met in November on Sidelines of G20 summit in Bali, Indonesia.
recent momentum of Joint efforts encourage optimism for more in the trade Volume and investments between Turkey and Saudi Arabia, as they work to mend relations after years of tension.
main joint business forum in Istanbul late last The month repeated what seemed to be a strong will for fast progress Investment opportunities are highlighted in Both countries.
came at a time of Great recovery in couple trade The trading volume between Turkey and Saudi Arabia, which amounted to 3.7 billion dollars in 2021 before exceeding this figure to reach about $3.8 billion in the first nine months of 2022.
Ankara and Riyadh have set a goal To increase this number initially to $10 billion (187.44 billion TL) and then to $30 billion by 2030.
Recovery comes as Turkey and Saudi Arabia this year I moved to mend relationships years later of Tensions escalated significantly after 2018 murder of Dissident Saudi journalist Jamal Khashoggi in Consulate of the Kingdom of Saudi Arabia in Istanbul.
Minister of Treasury and Finance Noureddine Al-Nabati. who Attended the forum and held talks with Saudi minister of Khaled Al-Falih’s investment said they will continue work and cooperation to ensure That businessmen take advantage of the investment opportunities offered by the two countries.
According to the statements of officials of The two countriesForum, a second Version of which is scheduled to take place in Riyadh in March seeks for Turkish private strip l play Basic role in The giant projects that Saudi Arabia will launch in the scope of Vision 2030.
Promising integration and opportunities
“we are looking for partners in Saudi markets. The opportunities are very great, and we are need Our Turkish brothers to put their hands down in us and help us and be with us And the play An essential and important role, said Amer Al-Ajmi, a Saudi investor and businessman who He is also Executive Vice President of the international Al-Fanar Company.
Saudi Vision 2030 features plans to diversify it economy away from fossil fuels by boosting tourism, real Property, trade logistics and building new cities and all facilities of Which require huge capital and cooperation to bear out.
“we also Present in Turkish market We are looking for opportunities in field of Renewable energy. We have invested in Turkish markets for more “More than 10 years ago, our company achieved annual profits estimated at $25 million,” Al-Ajmi told Daily Sabah.
He paid tribute to Turkish marketShe said, “It’s very big in terms of Technical suppliers and contractors.
The Saudi-Turkish relationship is an eternal relationship that has existed ever since ancient times And they are here to stay so that we can communicate, integrate, and integrate with each other moreAs our leaders said.
Khaled Hussein Al-Jahdali, Chairman of Al-Haytham Mining Company stressed the importance of the forum, praising the relations between the two countries.
We have discussed opportunities with Turkish businessmen and investors, whether inside Turkey or inside the Kingdom of Saudi Arabia, and we signed several agreements with Turkish side in terms of mining and aviation, and the field is promising between them countriesand the future He promises to achieve the vision of “Our kingdom is 2030,” Al-Jahdali told Daily Sabah.
“Turkey has it great history in field of Mining There are many ores in He. She. Turkish experience in advance these areas great We hope that opportunities will be realized and integrated between the two parties.”
Saudi businessman Ziyad Al-Bassam. head of Al Bassam Group, said that Saudi Arabia and Turkey were the two largest economies in The region is emphasizing fact They are two members of The G-20.
smiling also Notice what he said was a very large volume of Integration of the two countriesEspecially with Existence of great Investment opportunities within range of Kingdom Vision 2030.
We felt an urgent desire from Turkish businessmen and investors to participate in these opportunities. On the other hand, Saudi businessmen were informed on Existing opportunities in Turkey in In order to invest “Al Bassam added.
elaboration on The most prominent areas of investment in He emphasized many of them, including industry, tourism and the health sector.
In addition, the investor chooses for fields in who has experience Al-Bassam said, “The necessary studies are being conducted before investing.”
Saudi investor and businessman Merit Al-Dhafiri said that the forum was good An idea to increase investment and cooperation in the business The sector between Saudi Arabia and Turkey.
“If we look at each country separately, we see that it has aspirations that the other country can meet, and this contributes to accelerating cooperation between the two countries,” Al-Dhafiri said.
Al-Dhafiri believes that: “In order for This is for my business to happen plans must be drawn up after the forum, for future steps Should work on And activate it, like setting up Committees in each domain for For example, a commission for Petrochemical sector and committee for emerging energy sector, etc., and work items It is distributed so that we can speed up the operation.”
The renaissance of the contracting sector
Biology of Turkish relations with Saudi Arabia, as well as other members of The GCC is said to have provided additional impetus to several industries, chief among them property amid expectations of more in Gulf demand for real Property.
lately improvement in Relationships opened the door for Turkish contractors to enter the “big marketEspecially as Saudi Arabia aims build projects worth 3.3 trillion dollars over the next 10 years, according to L.N head of Turkish Contractors Association (TMB), Erdal Eren.
Erin, in Interview with Anadolu Agency (AA) said the rapprochement with Gulf countries Contribute to recovery of The contracting sector through the opportunities it provided for participation in new projects either in these countries or in other Islamic countries.
he thinks that head of the Union of The Saudi Contractors – Zakaria Al-Abd Al-Qader – Chairman of the Union of contractors of Islamic countries provide an opportunity for Turkish and Saudi contractors to enhance their cooperation and partnerships.
Turkish contractors consider President Recep Tayyip Erdogan’s visit to Riyadh and the subsequent visit to it of Saudi Crown Prince Mohammed bin Salman (MBS) opened to Ankara a new page in relationships or connections of The two countries said Erin.
Erdogan’s visit to Saudi Arabia in April distinguished first High profile visit in Years. His trip followed that of Mohammed bin Salman to Turkey in Jun.
The two leaders also met in November on Sidelines of G20 summit in Bali, Indonesia.