RIYADH: The Saudi-Turkiye Investment Forum in Riyadh on Tuesday reflected an unprecedented level of political and economic alignment between the countries, Saudi Investment Minister Khalid Al-Falih said, and demonstrated the determination of both leaderships to expand their partnership to new strategic horizons.
Speaking at the event, he said the scale of the Turkish participation, including a delegation of more than 200 businesses, underscored the central role of economic cooperation in the growing strategic partnership between the nations.
“Turkish direct investments in the Kingdom have surpassed the $2 billion mark, while total bilateral trade has reached approximately $8 billion, recording a notable growth of 14 percent within just one year,” Al-Falih said.
By the end of last year, the Kingdom had issued 1,473 investment registrations for Turkish companies active in the Saudi market, he added, stressing that these indicators reflect the strength of economic relations and their accelerating growth.
The Kingdom, as the region’s largest economy, and Turkiye, as a leading hub for manufacturing and exports, have complementary economies, which creates diverse investment opportunities, Al-Falih noted.
