ISTANBUL
Türkiye aims to increase bilateral trade volume up to $30 billion in the medium term, Vice President Cevdet Yılmaz said, adding that Türkiye may welcome more tourists from Saudi Arabia.
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Speaking at the Türkiye-Saudi Arabia Investment and Business Forum’s gala dinner in Istanbul, Yılmaz recalled that the trade volume between the two countries reached $6.8 billion in 2023, rising around 50 percent in two years.
Finance Minister Mehmet Şimşek, Saudi Arabia’s Investment Minister Khalid A. Al-Falih and Tourism Minister Ahmed bin Aqil Al-Khateeb along with Nail Olpak, the president of the Foreign Economic Relations Board (DEİK) also attended the event.
It is a realistic goal to increase the bilateral trade volume in a balanced and rapid manner to over $10 billion in the short term, the vice president said.
To date, Saudi companies made investments worth of $2 billion in Türkiye, Yılmaz added.
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