Saudi Arabia approves deal signed with Türkiye to promote direct investments

By Hamdi Yildiz

ISTANBUL (AA) - Saudi Arabia announced Tuesday that it has approved a memorandum of understanding (MoU) it signed earlier with Türkiye.

Following a ministerial meeting in the capital Riyadh under the chairmanship of King Salman bin Abdulaziz, Information Minister Salman bin Youssef Al-Dosari said an MoU was approved on cooperation between Saudi Arabia and Türkiye on the promotion of direct investments, according to the state-run Saudi news outlet SPA.

The MoU was signed on July 17, 2023 as part of Turkish President Recep Tayyip Erdogan's visit to the country.

*Writing by Gokhan Ergocun