March 27, 2023

Dubai Week

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وزيرا المالية التركي والسعودي

Saudi and Turkish finance ministers discuss strengthening bilateral cooperation over the phone

Saudi Arabian Finance Minister Mohammed al-Jadan discussed with his Turkish counterpart Noureddine Naphti ways to enhance economic cooperation between the two countries.

This came during a video call between Saiva and al-Jadan on Wednesday, the Turkish minister said in a tweet posted on his personal account on the social networking site “Twitter”, which was viewed by al. -Ain al-Akbaria.

“I exchanged views with the Saudi Minister on fostering cooperation between the two countries in the fields of economy, trade and investment,” Nepti said in a tweet.

The Turkish minister did not disclose other details about the content of the call.

The contact comes ahead of the upcoming visit of Turkish President Recep Tayyip Erdogan on Thursday, in which he is the guest of Saudi Arabia, on his first visit since 2017, under the bridge of several water relations.

The expected visit was revealed by two sources, a Turkish official told Reuters that Erdogan will meet Saudi Crown Prince Mohammed bin Salman on his way to his kingdom tomorrow.

Despite the absence of an official announcement from the Saudi and Turkish sides, the visit was very significant in its timing and scale. According to those familiar with the political landscape of the Middle East, this is seen as a turning point in the relations between the two influential countries, which have been tense in recent years.

Erdogan’s visit comes in the wake of Turkey’s recent moves to return to the site of zero issues with regional powers, in line with Ankara’s diplomatic approach to the Gulf states. , Especially the United Arab Emirates and Saudi Arabia.

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In addition, the Saudi Chambers of Commerce Council expects an increase in the Kingdom’s imports from Turkey in the future.

These statements are the latest sign of steady progress in relations between the two major Muslim countries.

Sources in the Chamber of Commerce said today that imports of Turkish goods by traders will soon return to normal following the official announcement of the return of relations to the Turkish company “Anatolia” on Wednesday. Wednesday.

The sources confirmed the absence of an official Saudi government decision to ban imports, “especially with the goodwill of Turkish products in the huge Arab market.”

The Kingdom’s imports from Turkey increased by 2.8% in the first two months of 2022, according to data from the Saudi General Commission for Statistics.

The value of imports in January and February reached 71.3 million riyals ($ 19 million), up from 69.4 million riyals ($ 18.5 million) in the corresponding period of 2021.