Saudi-Türkiye investment forum launches ahead of Erdoğan's Riyadh visit
A major investment forum between Saudi Arabia and Türkiye has opened in Riyadh, featuring a delegation of over 200 Turkish companies. The event sets the stage for President Recep Tayyip Erdoğan's official visit, with both nations aiming to transform strong relations into a deeper strategic partnership.
The Saudi-Türkiye Investment Forum commenced in Riyadh on Tuesday, serving as a prelude to the official visit of Turkish President Recep Tayyip Erdoğan to the Saudi capital. The high-profile business gathering underscores a mutual drive to significantly elevate economic and strategic ties between the two regional powers.
A Platform for Enhanced Strategic Partnership
Addressing the forum's opening session, Saudi Investment Minister Khalid Al-Falih emphasized the visit's goal to "elevate bilateral relations to a higher level of partnership." He stated that both countries "seek to move from strong relations to a deeper strategic relationship," highlighting a deliberate shift towards more integrated cooperation.
Substantial Turkish Business Presence
The forum features an extensive Turkish business delegation, comprising more than 200 companies and regional offices keen on expanding trade and investment links with the Kingdom. Minister Al-Falih noted that this "strong Turkish participation reflects the depth of the strategic partnership between the two countries and underscores economic cooperation and the important role of the private sector."
Context of Growing Bilateral Engagement
The event and the subsequent presidential visit mark a continued warming of relations following a period of diplomatic recalibration. They signal a concerted effort to unlock substantial economic potential and align strategic interests, particularly in areas of investment, trade, and regional stability, as both nations navigate a complex geopolitical landscape.
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