Turkish development minister discusses economic integration between Saudi Arabia, Turkey
Elvan praised Saudi leadership for their response to the failed coup d’état in Turkey, saying that it showcases the aligning policies of both countries on various issues. However, trade between the two countries has been substandard, Elvan noted. His idea for improving trade is to create joint industries and automotive and spare parts factories with the help of Turkish technologies, instead of importing these industries from abroad.
Secretary General of the Council of Saudi Chambers Omar Bahlaiwa, for his part, pointed to Saudi Vision 2030 and how it offers enticements for foreign investments in the form of loans, lands and large market.
Chairperson of the Saudi-Turkish Business Council Mazen Rajab talked about good political relations between the two countries, noting that joint investment had reached close to $7 billion in sectors such as energy, banking, real estate and manufacturing.