RIYADH — Minister of Commerce Dr. Majid Bin Abdullah Al-Qasabi, who is also Chairman of the Board of Directors of the General Authority for Foreign Trade, met here Sunday with the Republic of Türkiye’s Minister of Trade Mehmet Muş during his visit to the Kingdom.
During the visit, the Saudi-Turkish Business Forum was held and three agreements in the industrial sector were signed, in the presence of 450 major Saudi and Turkish companies.
Dr. Al-Qasabi inaugurated the first Turkish Export Products Trade Fair “Turk Expo 2023”, which is being held in Riyadh from March 19-21. Turk Expo 2023 aims to introduce the products and services provided by Turkish companies and provide an opportunity for meeting with various exporters and importers in the construction sector, with the participation of 150 Turkish companies.
Moreover, the Saudi government agencies and Turkish construction companies are set to hold a business forum to discuss aspects of cooperation, and to introduce services and products provided by both sides, with the participation of several government agencies.
The volume of trade exchange between the Kingdom and the Republic of Türkiye in 2022 amounted to about SR21.9 billion. Plastics and their products, and metal products came as the most prominent exported commodities, while iron ore and steel products, electrical appliances and their parts were recorded as the most important imported commodities.
Meanwhile, an Electro Technology Exporters’ Association delegation of Turkish businessmen has visited the Riyadh Chamber to discuss means of enhancing commercial cooperation, establishing investment partnerships and boosting economic relations.
The delegation was made up of representatives of 15 companies specialized in cables, lighting, generators and transformers, electronics, household items, pumps, drilling equipment, sockets and electrical panels sectors.
On the sidelines of the visit, Saudi and Turkish businessmen held several meetings that tackled boosting cooperation, benefiting from the opportunities available in the two countries, and exchanging expertise. — SPA
