Saudi Arabia invites Turkish investors for Vision 2030

Istanbul Grand Airport strikes a 250 million euros worth deal with cargo companies
July 12, 2017
Turkey’s Akkuyu Nuclear power plant to go operational in 2023
July 12, 2017

Saudi Arabia desires to see Turkish investors as part of its 2030 Vision to become a global investment powerhouse, the kingdom’s ambassador to Ankara, Walid Bin Abdul Karim al-Kharaj, stated during the 22nd World Petroleum Congress in Istanbul.

Saudi Arabia’s 2030 Vision lays out a blueprint for the kingdom’s long-term goals and expectations reflecting its strengths and capabilities. Some of the principles target the country becoming a global investment powerhouse and aim to transform the country’s unique strategic location into a global hub connecting the three continents of Asia, Europe and Africa.

Saudi Arabia has been employing 13 national transformative programs to be able to achieve this vision, which includes forming strategic partnerships, strengthening the private and public sectors and restructuring the country’s public investment funds.

The head of Saudi Arabia’s General Investment Authority, Ayidth al-Otaibi, explained that they are seeking around $30 billion in investment per year to be able to achieve the vision.

“We will try to avail all opportunities we can. We look forward to seeing Turkish investors in Saudi Arabia,” he said.

He added that renewable energy, mining, chemicals, retail, tourism and health care services would be among the main sectors they will focus on as part of their 2030 Vision.

Share this article with your professional network:

Powered by MaviKelebek