Saudi Gazette report
ISTANBUL — The Saudi-Turkish Enterprise Discussion board was held in Istanbul with the participation of greater than 700 corporations from each side, as a way to focus on funding alternatives, and to extend commerce change between Saudi Arabia and Türkiye.
The discussion board was organized by the Riyadh Chamber, in cooperation with Turkey Exporters Meeting (TIM) and Impartial Industrialists and Businessmen’s Affiliation (MUSIAD).
The discussion board witnessed the signing of a lot of agreements in a number of fields resembling actual property, tourism, contracting and infrastructure building.
A bilateral assembly between the 2 sides was additionally held, throughout which the Saudi and Turkish enterprise women and men mentioned funding alternatives.
The top of the delegation, Nayef Al-Rajhi, mentioned the Saudi-Turkish discussion board would contribute to strengthening financial and commerce ties between the enterprise sectors of the 2 international locations.
Al-Rajhi hoped that the discussion board would obtain tangible outcomes that represent a street map for optimum exploitation of the promising alternatives within the economies of Saudi Arabia and Türkiye.
This, he mentioned, will increase the amount of commerce change, which as of August 2023 amounted to greater than SR16 billion, to ranges that fulfill the widespread ambition, particularly in gentle of the varied assets and funding alternatives that characterize the Saudi and Turkish economies.
He praised the financial renaissance and improvement that the Kingdom is witnessing, in accordance with the paths of Saudi Arabia’s Imaginative and prescient 2030, that intention to restructure the financial system and diversify sources of nationwide revenue, which its optimistic outcomes have been demonstrated by the expansion and prosperity achieved by the nationwide financial system, and contributed to growing the amount of native and overseas investments.
Al-Rajhi careworn his aspiration to extend the partnership between the Saudi and Turkish corporations, as a way to profit from the alternatives offered by the imaginative and prescient applications, particularly with the will of the Saudi enterprise sector to cooperate with its Turkish counterpart.
In flip, the Vice President of the Worldwide Enterprise Discussion board, Ghazwan Al-Masry, defined that he’s optimistic that the yr 2023 will finish with commerce change exceeding double the quantity because of the nice assist witnessed within the commerce relationship between the 2 leaderships in Saudi Arabia and Türkiye.
He additionally confirmed that the Saudi-Turkish Enterprise Discussion board is the start of a lot of different boards, indicating that there will probably be additional conferences in Saudi Arabia and Türkiye.