Saudi Arabia, Türkiye Announce Engineering Automation Project for the Middle East

Saudi Arabia, Türkiye Announce Engineering Automation Project for the Middle East

The Saudi-Turkish Business Forum has set a goal of exceeding $10 billion in the trade exchange between Riyadh and Ankara.

The event witnessed the signing of several cooperation agreements in industrial development, and announcement of the establishment of a joint engineering automation project that will be implemented in the Middle East.

The Saudi-Turkish Business Forum, organized by the Federation of Saudi Chambers, kicked off in Riyadh on Sunday. It was attended by several officials, and over 450 Saudi and Turkish companies, and government agencies from both countries are taking part.

Speaking at the form, Saudi Minister of Commerce Majid al-Qasabi affirmed that Saudi Arabia is undergoing an unprecedented renaissance and transformation thanks to the ambitious leadership and Vision 2030.

He explained that the Kingdom boasts six features that make it the land of opportunities, citing investment potential in minerals, tourism, housing, infrastructure, services, communications, and digitization in Saudi Arabia.

He added that the forum will contribute to finding new possibilities for economic cooperation with Türkiye.

Turkish Minister of Trade Mehmet Mus said Saudi Arabia and Türkiye are two emerging economic powers with significant competitive advantages and they have expressed their desire to increase trade volume to $10 billion in the coming years.

Mus also stated that the