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10-11-22
Saudi Cabinet urges for financing straight to Turkey
(MENAFN) The Saudi Cabinet has urged for motivating investments straight into the nation of Turkey.
In a gathering ruled by King Salman bin Abdulaziz on Tuesday, the Cabinet instructed Investment Minister Khalid Al-Falih to start the discussions with the Turkish party around the stated matter.
According to what was said by the state news agency SPA, the minister was instructed to negotiate an offer for a memorandum of understanding for collaboration on driving straight funds.
As of October, Al-Falih held Turkish Finance Minister Nureddin Nebati in the capital of Saudi Arabia throughout which he stated Saudi businessmen are going to finance in Turkey in numerous sectors, such as technology, real estate as well as energy.
Turkish shipments to Saudi Arabia amounted to USD420.9 million with a yearly jump of 180 percent in the first nine months of this year, making the last year’s number of exchange way behind them as the two nations carry on to follow a rapprochement in ties.
MENAFN10112022000045014228ID1105161315
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