The Saudi-Turkish Investment Forum kicks off in Riyadh to strengthen partnership
the Saudi-Turkish Investment Forum tomorrow, a prominent economic event that will bring together leading government officials, private sector leaders, and representatives of major companies from both countries. This strategic gathering aims to propel economic and investment cooperation to new heights, discuss ways to enhance joint efforts in vital sectors, and explore the promising investment opportunities that abound in Saudi Arabia amidst its major economic transformations.
A busy agenda to strengthen bilateral relations
The forum's program is set to include a series of detailed presentations highlighting the investment climate in both Saudi Arabia and Turkey, showcasing the incentives and facilities offered to foreign investors. The event will also feature specialized panel discussions addressing key topics aimed at removing obstacles to capital flows and strengthening bilateral relations in the areas of infrastructure, industry, tourism, and energy.
On the sidelines of the plenary sessions, the forum will include intensive bilateral (B2B) meetings between representatives of the private sector from both sides, to discuss real partnership opportunities, sign potential memoranda of understanding, and closely examine available investment opportunities that align with the aspirations of businesspeople in both countries.
Economic context and an ambitious vision
This forum is being held at a strategic time, as Saudi-Turkish relations are witnessing remarkable growth and significant political and economic rapprochement, culminating in recent reciprocal visits between the two countries' leadership. This step is part of the Kingdom's efforts to achieve the goals of Saudi Vision 2030 , which aims to diversify national income sources, attract foreign direct investment, and localize advanced industries and technologies.
Turkish companies view the Saudi market as one of the most important in the region, particularly in the contracting and construction sector, where Turkey possesses extensive expertise. This aligns with the mega-projects currently being implemented by the Kingdom, such as NEOM, the Red Sea Project, and Qiddiya. Conversely, the Saudi side seeks to benefit from Turkish expertise in the manufacturing, tourism, and logistics sectors.
The importance of the event regionally and internationally
The importance of this forum extends beyond its bilateral dimension to encompass regional influence, as both countries are among the largest economies in the Middle East and active members of the G20. Economic observers anticipate that this rapprochement will contribute to raising trade volumes between Riyadh and Ankara to new record levels, thereby strengthening the stability of supply chains in the region and creating new job opportunities for young people in both countries, thus underscoring the strength of the partnership aimed at implementing ambitious and diversified economic plans.
