23 Hrs
Source:
الاقتصادية
Makkah Alliance's Economic Power Exceeds Three Trillion
The article pertains to the Makkah Mutual Defense Agreement signed by Saudi Arabia, Turkey, and Pakistan in August 2026 in Mecca. It emphasizes that the agreement means that any armed attack against one of the three countries is considered an attack against all of them. The importance of the agreement extends beyond the military aspect; it also encompasses economic and commercial dimensions. Collectively, these countries have a gross domestic product exceeding $3.29 trillion, with a population of approximately 363 million people. Saudi Arabia and Turkey stand out with strong economies and total exports surpassing $623 billion, along with direct foreign investments amounting to $47 billion. The annual military expenditures reach around $125 billion. Saudi Arabia, in particular, leads in exports and investments, reflecting that the agreement strategically enhances the defense, economic, and political capabilities of the three nations.
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