Military Drones
JEDDAH: Saudi Arabia decided to buy Turkish drones during the current visit of Turkish President Recep Tayyip Erdogan. President Erdogan reached Saudi Arabia on Monday with an entourage of some 200 businesspeople.
Saudi Arabia and Turkiye signed many MoUs in different fields, including energy, direct investments, and defence industries.
Erdogan and Saudi Crown Prince Mohammed bin Salman participated in the MoUs signing ceremony.
Saudi Arabia will acquire the drones “with the aim of enhancing the readiness of the kingdom’s armed forces and bolstering its defence and manufacturing capabilities”, Defence Minister Prince Khalid bin Salman Al Saud said.
Turkish President’s visit to the Gulf countries will give relief to price-hike hit Turkish people. Turkish Finance Minister Mehmet Simsek said these measures are essential to restore fiscal discipline and bring inflation down.
The annual inflation in Turkiye dropped to 38 per cent last month, down from a high of 85 per cent in October.
Saudi Crown Prince receives Erdogan
Turkish President Recep Tayyip Erdogan reached Saudi Arabia as he embarked on a Gulf tour, beginning in Jeddah. The aim of his visit is to focus on business and investment opportunities with Saudis.
The Turkish president led an extensive delegation consisting of government ministers, officials, and approximately 200 business leaders, investors, and company owners.
Crown Prince Mohammed bin Salman received Turkish President.
Saudi Crown Prince Muhammad Bin Salman received Turkish President in Jeddah.
The discussions revolved around bilateral relations and strategies to enhance cooperation across all sectors, as well as addressing current regional and international developments.
Furthermore, both leaders witnessed the signing of several agreements encompassing energy, defense industries, research and development, direct investment, media, and two contracts with the Turkish company Baykar.
Following his visit to Saudi Arabia, Erdogan will continue his tour with trips to the UAE and Qatar, where business forums will be held in all three countries.
Erdogan expressed that the primary focus during these engagements would be joint investments and commercial activities with these nations.
Trade between Turkey and Saudi Arabia reached $6.5 billion last year and amounted to $3.4 billion in the first half of this year.
