Al-Falih: 1,473 Turkish companies in Saudi Arabia with investments of $2 billion
Saudi Investment Minister Khalid Al-Falih revealed figures and indicators reflecting a significant development in economic relations between Riyadh and Ankara, confirming that Turkish direct investments in the Kingdom have exceeded $2 billion. This came during his speech at the Saudi-Turkish Investment Forum held in Riyadh, where he explained that these investments are primarily concentrated in vital sectors including manufacturing, construction, and real estate, in addition to various commercial and service activities.
Economic integration and strategic partnership
Al-Falih noted that the number of Turkish companies active in the Saudi market reached 1,473 by the end of 2025, emphasizing that the relationship between the Saudi and Turkish economies is based on the principle of "integration," not competition. This statement comes at a time when relations between the two countries are witnessing significant diplomatic and economic activity, driven by a shared desire to strengthen bilateral cooperation, particularly following the high-level reciprocal visits between the two countries' leaderships over the past two years, which paved the way for a new era of strategic partnership.
Trade growth and ambitious goals
In a related context, the Minister of Investment explained that the volume of trade exchange between the Kingdom and Turkey reached $8 billion, registering a remarkable growth of 14% in just one year. Al-Falih emphasized that the Kingdom and Turkey represent a significant economic force, together constituting approximately 50% of the region's GDP, thus giving their partnership a powerful regional and international dimension. He also highlighted the attractive investment environment in the Kingdom, which has successfully attracted more than 700 global companies to establish their regional headquarters in Riyadh, inviting Turkish companies to take advantage of the privatization and public-private partnership opportunities offered by the Kingdom's Vision 2030.
The role of the contracting and energy sector
For his part, Turkish Trade Minister Ömer Polat emphasized the pivotal role of the Turkish construction sector in the Kingdom's urban development, noting that Turkish contractors have implemented more than 330 projects in Saudi Arabia with a total value exceeding $32 billion. Polat also announced a shared strategic goal of increasing bilateral trade to $30 billion in the medium term.
This partnership is of particular importance in light of global trends towards diversifying energy sources and supply chains, as the Turkish minister pointed out the existence of promising opportunities for cooperation in the fields of traditional and renewable energy, which enhances the resilience of the two economies in the face of global challenges and achieves sustainable growth for the two G20 member countries.
