RIYADH: Saudi Arabia and Turkiye have been strengthening their ties to boost industrial and mining sectors after the recent held meetings which was focused on improving trade, non-oil exports and attracting quality investments.
Khalil bin Salamah, Saudi Arabia’s Deputy Minister of Industry and Mineral Resources, visited Turkiye to assess investment prospects and address potential industrial development. This visit continued the discussions that were initiated by Saudi Minister Bandar Alkhorayef back in August 2023.
The trade between Saudi Arabia and Turkiye in 2023 was $6.8 billion, with Saudi investments going over $2 billion. Turkiye also considers the prospects of expanding bilateral trade to $10 billion in the coming years.
While in Turkey, Salamah met with President of the Defense Industry Agency and Deputy Secretary-General of the Turkish Exporters Assembly. He also led a meeting with Saudi and Turkish business representative to discuss on cooperation opportunities.
Earlier, Saudi Arabia’s foreign minister, Prince Faisal bin Farhan, had a meeting with Turkish President Recep Erdogan over the ways of enhancing the Saudi-Turkish relations and promoting stability in the region. Prince Faisal also held a meeting with his Turkish counterpart who expressed significant progress in Saudi-Turkish relations in the political, economic and security sectors.
