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Saudi Arabia, Turkey to boost business ties
(MENAFN) Turkey and Saudi Arabia will enhance their partnership due to the share of a common ground of history, culture and faith.
Additionally, Saudi investments in Turkey are increasing, as by the end of 2015 there are 744 Saudi firms in Turkey, with 149 of those operating in real estate.
Moreover, recent applicants from Saudi Arabia involve Acwa Power International in the energy sector and Iris Capital in the e-commerce sector.
Whole FDI flow through the last five years from KSA to Turkey reached USD 553mn, with the total FDI stock from KSA to Turkey reaching USD 2bn.
Additionally, Saudi investments in Turkey are increasing, as by the end of 2015 there are 744 Saudi firms in Turkey, with 149 of those operating in real estate.
Moreover, recent applicants from Saudi Arabia involve Acwa Power International in the energy sector and Iris Capital in the e-commerce sector.
Whole FDI flow through the last five years from KSA to Turkey reached USD 553mn, with the total FDI stock from KSA to Turkey reaching USD 2bn.
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