Turkish company inks deal with Saudi Arabia’s Investment Ministry

Agreement to pave way for projects mutually beneficial to Türkiye, Saudi Arabia, says chairman of Tor Holding

By Mehmet Selcuk Guclu

ISTANBUL (AA) – Turkish company Tor Holding and Saudi Arabia’s Investment Ministry signed an agreement in Istanbul on Saturday during the Türkiye-Saudi Arabia Investment and Business Forum.

The agreement, which aims at a high level of cooperation, will further strengthen economic ties between the two countries, Tor Holding said in a statement.

“The high-level cooperation agreement would strengthen the relations between two nations, paving the way for mutually beneficial projects and initiatives for both countries,” the statement quoted Tor Holding Chairman Mustafa Torun as saying.

Several other agreements were signed at the forum to further strengthen economic relations between Türkiye and Saudi Arabia.

Memorandums of understanding and business agreements were signed as part of the forum to promote cooperation and investment in various sectors.

*Writing by Zehra Nur Duz

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