Investment in the mining industry, construction and housing projects and renewable energy were the hot topics that were taken up at the Saudi-Turkish Business Opportunities Forum which took off in Istanbul on Thursday.
The event was organized by the Ministry of Commerce and Industry to coincide with the visit of Custodian of the Two Holy Mosques King Salman to Turkey.
The forum was attended by Saudi and Turkish officials from the government and private sectors, where they discussed the most prominent issues of trade and economic cooperation between the two countries.
Minister of Commerce and Industry Tawfiq Al-Rabiah and Minister of Economy Mustafa Alitah jointly opened the forum followed by the inauguration of an exhibition of the Saudi Exports Development Authority which displayed the Kingdom's products and investment opportunities available for foreign businessmen.
The Saudi exhibition aimed at finding a market for national products in Turkey.
Turki Al-Toaimi, general supervisor of the Saudi-Turkish Forum, said the forum discussed topics related to investment in renewable energy sources and electricity, as well as investment in industries, mining and petrochemicals.
Aside from investment in contracting, construction, housing and real estate projects, the forum also reviewed the topics of financial and banking investment, besides the health and logistic services.
The first session reviewed the investment opportunities in the renewable energy sources and electricity, as well as investment in the specialized research centers.
The second session dwelt on the investment opportunities available in industries, mining and petrochemicals, and they sought to establish industrial cities and complexes, as well as to establish joint factories on the basis of absolute and competitive advantages to launch joint industrial projects with advanced technologies, taking into consideration the nationalization goal.
Source: Arab News