Saudi Arabia, Turkiye ink 9 MoUs for boosting cooperation

RIYADH, July 17 (KUNA) -- Saudi Arabia and Turkiye signed Monday nine memorandums of understanding (MoUs) for enhancing energy, real estate, construction, education, digital technologies, health and media cooperation.

The MoUs were hammered out on the sidelines of the Saudi-Turkish Investment Forum which was held in the Saudi city of Jeddah today, the Saudi Press Agency (SPA) reported.
The forum, which aims to strengthen investment and economic cooperation between the two countries, coincides with the Turkish President Recep Tayyip Erdogan's visit to Saudi Arabia.
Speaking at the forum, Saudi Investment Minister Khalid Al-Falih estimated that the Saudi-Turkish economic partnership has great potential.
The private sector partnerships and business relations are a main engine for upgrading economic cooperation, he forecasted.
He noted that this forum also aims to explore investment opportunities in the two countries.
For his part, the Turkish Minister of Trade Omer Bolat said that the Saudi Kingdom and Turkiye are emerging economic powers which have great competitive advantages.
He hoped the forum would help increase the volume of trade exchange in the coming years.
The Turkish economy is growing at a rapid pace, has a comprehensive investment incentive system, a huge market for consumers, and the free trade zone, Minister Bolat noted.
He invited Saudi companies to enter the Turkish market and take advantage of the investment opportunities, system and incentives there. (end) kns.ibi.