Minister of Investment Khalid Al-Falih
Minister of Investment Khalid Al-Falih said that Turkish direct investments in the Kingdom have surpassed $2 billion, which are focused on the manufacturing, real estate, construction, agriculture, trade, and other sectors. 
In his opening speech at the Saudi-Turkish Investment Forum, Al-Falih stated that total trade exchange between the two countries reached around $8 billion, a growth of 14% in one year. He added that 1,473 investment registers have been issued to active Turkish companies in the Kingdom by the end of last year.
These indicators reflect the strength and growth of trade relations between the two countries, and their transition from a phase of identifying available opportunities to actively working on implementing announced ambitions, said the minister.
He added that this stage of cooperation is of particular importance given current global economic conditions, where capital has become more cautious and selective in its investment directions.
Al-Falih further highlighted that Saudi Arabia and Turkey stand out as two economic pillars in the region, together accounting for around 50% of the region’s gross domestic product.
He also mentioned that later today, Crown Prince Mohammed bin Salman will receive Turkish President Recep Tayyip Erdoğan during an official visit to the Kingdom, expressing hope that the visit will help elevate bilateral relations from their current strong level to a broader strategic partnership.
Minister of Investment Khalid Al-Falih
Minister of Investment Khalid Al-Falih said that Turkish direct investments in the Kingdom have surpassed $2 billion, which are focused on the manufacturing, real estate, construction, agriculture, trade, and other sectors.
In his opening speech at the Saudi-Turkish Investment Forum, Al-Falih stated that total trade exchange between the two countries reached around $8 billion, a growth of 14% in one year. He added that 1,473 investment registers have been issued to active Turkish companies in the Kingdom by the end of last year.
These indicators reflect the strength and growth of trade relations between the two countries, and their transition from a phase of identifying available opportunities to actively working on implementing announced ambitions, said the minister.
He added that this stage of cooperation is of particular importance given current global economic conditions, where capital has become more cautious and selective in its investment directions.
Al-Falih further highlighted that Saudi Arabia and Turkey stand out as two economic pillars in the region, together accounting for around 50% of the region’s gross domestic product.
He also mentioned that later today, Crown Prince Mohammed bin Salman will receive Turkish President Recep Tayyip Erdoğan during an official visit to the Kingdom, expressing hope that the visit will help elevate bilateral relations from their current strong level to a broader strategic partnership.
