Turkish prime minister encourages stronger Saudi trade relations

Turkey's prime minister recently met with Saudi investors.
Turkey's prime minister recently met with Saudi investors.

Turkish Prime Minister Ahmet Davutoglu recently encouraged a group of Saudi business leaders to consider opportunities to enhance trade and economic collaboration between the two countries at the Riyadh Conference Palace. 

In his speech to the Saudi investors, Davutoglu noted Saudi’s position as an important trade partner to Turkey in addition to the cultural ties that bind the two countries as reasons to strengthen economic cooperation.

Davutoglu highlighted Turkey’s plan to increase gross domestic financing up to $2 trillion by 2023 as a key reason for Saudi investors to explore the Turkish market. In addition, Davutoglu noted Turkey’s investment prospects when the kingdom decides to expand its commercial base. Turkey offers chances for trade energy, transportation, agriculture, manufacturing and tourism, among others, Davutoglu said.

The Saudi investors expressed their views on improving trade and investment relations in various divisions as well as their thoughts on how to advance the two countries’ bilateral relations.

Council of Saudi Chambers Chairperson Abdulrahman Al Zamil agreed with the need for the two countries to strategically partner when it comes to the trade industry. Al Zamil pinpointed the need to increase bilateral trade, referencing the part of the Saudi-Turkish Business Council in this concern.

Organizations in this Story

Council of Saudi Chambers

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