https://arab.news/rxape
Turkish President Recep Tayyip Erdogan’s one-day visit to Saudi Arabia on Tuesday proved that these two regional middle powers, with strong competitive advantages and complementary economic systems, are driving a solid plan for expanding economic ties — but not stopping there. The visit demonstrated that Ankara and Riyadh are speaking the same language: on trade, investment, development and action.
It is not surprising that economic considerations are key factors shaping the new momentum in Turkish-Saudi ties, which is, by its very nature, multifaceted. From the agreements they have signed, it has become evident that Ankara and Riyadh are engaging in promising efforts to bolster their economic ties, while placing their relations on a more sustainable and institutionalized track.
As part of Erdogan’s visit, Saudi Arabia and Turkiye signed a $2 billion agreement to develop large-scale solar power projects in Turkiye. Under the agreement, Saudi companies will construct solar power plants in Sivas and Karaman with a capacity of 2 gigawatts in the first phase. The total capacity of solar and wind power plants that the Saudi Arabian companies will construct is expected to reach 5 GW. The solar power plants are expected to meet the electricity needs of 2.1 million households in Turkiye.
