Turkey and Saudi Arabia aim for $10 billion trade exchange

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Turkey and Saudi Arabia aim to reach a trade exchange volume of $10 billion by next year 2023, Chairman of the Turkish Foreign Economic Relations Council “DEİK” Nail Olpak said.

This came in statements he made after his participation in the business and investment round table meeting in the capital, Ankara.

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Which brought together representatives of business worlds from the two countries, on the sidelines of the visit of Saudi Crown Prince Mohammed bin Salman to Turkey.

Olpak confirmed that Turkey and Saudi Arabia have completed previous joint projects and works, including contracting.

He stressed the importance of the Saudi Crown Prince’s visit to Ankara and his meeting with Turkish President Recep Tayyip Erdogan.

He pointed out that a delegation of 35 Saudi businessmen was accompanied by Crown Prince Mohammed bin Salman during his visit to Ankara.

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He stated that they discussed during the round table ways to transfer economic relations between the two countries to an advanced stage and compensate for what was missed in the past period.

Olpak praised the visit and its content and the meetings that took place on the sidelines, indicating that the Saudi side offered them cooperation in Saudi projects.

He added that the Saudi side praised the expertise of Turkish companies in the field of contracting, expressing its desire to cooperate with them within the huge Saudi projects.

He stressed the importance of the positive atmosphere that prevailed in the meeting between President Erdogan and Crown Prince Mohammed bin Salman, in terms of opening the door to cooperation between the business world in the two countries.

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He stressed the possibility of reaching a volume of trade exchange worth $10 billion between Saudi Arabia and Turkey by next year.

Yesterday, Wednesday, Saudi Crown Prince Mohammed bin Salman concluded an official visit to the capital, Ankara.

During which he met with President Erdogan, where they held bilateral and delegation-level talks.