Turkish-Saudi trade volume increases 33%

The trade volume between Turkey and Saudi Arabia increased by 33 percent between the years 2011 and 2012, Saudi Arabian Industry and Trade Minister Tawfik al Rabia said.

Turkish-Saudi trade volume increases 33%

World Bulletin / News Desk

The trade volume between Turkey and Saudi Arabia increased by 33 percent between the years 2011 and 2012, Saudi Arabian Industry and Trade Minister Tawfik al Rabia said on Wednesday.

Speaking at the Turkish-Saudi Business Forum in Istanbul organized by the Saudi and Turkish Economy Ministries, and with the contributions of the Association of Independent Industrialists and Businessmen (MUSIAD), Rabia said they were pleased to have a large volume of trade with Turkey as a sister state to Saudi Arabia.

Underlining the gradually developing economic cooperation between the two states, the minister added, “The trade volume between Turkey and Saudi Arabia increased by 33 percent between the years 2011 and 2012. I believe that the trade volume will increase more, but this advancement can be achieved with the contributions of fairs, organizations and non-profit institutions.”

Speaking at the forum, MUSIAD Director of Foreign Relations Eyup Akbal mentioned the development of an advanced retail market by stating that there is a significant potential of cooperation between the two states in the long and short run.

Akbal also said that Turkey's strategic position as a bridge connecting continents would provide a grand market for Saudi investors.  

Last Mod: 20 Kasım 2013, 17:30
Add Comment