Saudi and Turkey sign pact to boost private sector
The Union of Turkish Chambers and Stock Exchanges signed a memorandum of understanding with the Saudi Chambers Union to enhance trade and economic relations between the two countries at the private sector level. The memorandum aims to develop cooperation in areas such as chamber accreditation, establishing joint sectoral platforms, exchanging expertise, and supporting activities of joint forums between Turkey and Saudi Arabia. Officials emphasized the significant potential of Islamic countries for joint investment, noting that Turkey is one of the largest hubs for industrial production and exports in the region, attracting substantial international investments, which boosts economic cooperation opportunities between Turkey and Islamic nations.
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