Agreement between Saudi Arabia and Turkey
A memorandum of understanding signed between Saudi Arabia and Turkey for cooperation in the field of promoting direct investments has been approved.
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According to a report by the official Saudi Press Agency (SPA), the Council of Ministers met in the capital, Riyadh, under the chairmanship of King Salman bin Abdulaziz.
Minister of Media Salman bin Yousef Al-Dossary announced that the memorandum of understanding on cooperation regarding the promotion of direct investments, which had been previously signed between Saudi Arabia and Turkey, was approved during the meeting. Al-Dossary did not provide detailed information on the matter.
During President Recep Tayyip Erdoğan's visit to Saudi Arabia on July 17, 2023, a "Memorandum of Understanding on Cooperation in the Field of Promoting Direct Investment" was signed between Turkey and Saudi Arabia.