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Turkey, Saudi Arabia to boost economic, military ties

Tayyip

RIYADH: Turkey’s President Recep Tayyip Erdogan is arriving in Saudi Arabia today (Tuesday) to hold two days of meetings with King Salman and other top officials, Arab News reported.

The visit is aimed at boosting military, economic and political ties, including discussions on events in Syria and other Mideast nations.

King Salman had invited Erdogan to visit Riyadh during November’s G-20 summit in Antalya where ties between the two nations were further strengthened.

The discussions are expected to focus on developments around the Syrian crisis, the situation in Iraq and Yemen, and Turkey’s participation in the Saudi-led 34-nation Islamic alliance to fight terrorism.

According to a report in a local publication, Arda Ermut, chief of the Investment Support and Promotion Agency of Turkey, said that Erdogan’s visit would boost mutual investments, which would have a positive impact on the entire region.

Ermut said that there are 800 Turkish-Saudi joint venture companies working on Turkish soil in many fields.

“These companies are part of 45,000 Turkish foreign joint ventures. Definitely, the huge influx of tourists all year round to our country from all over the world, estimated currently at over 40 million, was a major stimulus for this Saudi and foreign influx of investments,” he said.

In the last 10 years, two-way trade between the Kingdom and Turkey has risen from SR4 billion to SR22 billion and is poised to rise further in the coming few years, with further cooperation in defense and security.

The Kingdom and Turkey have similar views on Syria, Iraq and Yemen.

Turkey has supported the Saudi-led campaign against Houthi rebels.

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