The Union of Chambers and Commodity Exchanges of Türkiye (TOBB) and the Federation of Saudi Chambers (FSC) signed Sunday a memorandum of understanding to expand bilateral trade and economic cooperation.
The agreement is aimed at establishing a joint action plan to share institutional expertise, launch sectoral platforms and create a Türkiye-Saudi Arabia Joint Chamber Forum.
The signing came on the sidelines of the Islamic Chamber of Commerce and Development (ICCD) meetings in Ankara.
TOBB President Rifat Hisarcıklıoğlu said Islamic countries need to merge their capital reserves with Türkiye's manufacturing capabilities to create a dominant global economic force.
Hisarcıklıoğlu noted that Türkiye is the region's top industrial producer with exports reaching $275 billion per year across 12,600 product categories.
