Saudi- Gul, Prince Faisal discuss moves to expand cooperation 

(MENAFN - Arab News) Turkish President Abdullah Gul received chairman of Jadwa Investment Company Prince Faisal bin Salman as well as members of the company's board of directors in Ankara and discussed prospects of expanding cooperation and increasing Saudi investments in Turkey.

The meeting, which was attended by the president's advisers as well as a number of major Turkish investors and businessmen, also discussed the facilities and incentives to be enjoyed by Saudi investors.

Gul emphasized the importance of Gulf investment in his country and disclosed Ankara's plan to develop its foreign investment law. "The Turkish government is currently working on privatizing a large number of public projects. It will open new and secured investment opportunities," he said.

In a statement on the occasion, Prince Faisal said: "We were very happy to meet the Turkish president. Our visit reflects the strong brotherly relations between Saudi Arabia and Turkey, which is based on our historic ties and our political, economic, social and investment cooperation."

Prince Faisal hosted a dinner in Istanbul, which was attended by leading Turkish investors and businessmen. During the ceremony, they held talks on the prospects of expanding cooperation between Jadwa and Turkish investors in Turkey and Saudi Arabia.