Turkey, Saudi Arabia continue talks to lift visas

The Turkish premier called on Sunday Saudi Arabian companies to make investments in Turkey.

Turkey, Saudi Arabia continue talks to lift visas

The Turkish premier called on Sunday Saudi Arabian companies to make investments in Turkey.

Speaking at the Jeddah Economic Forum in Saudi Arabia, Turkish Prime Minister Recep Tayyip Erdogan said the reforms carried out in Turkey as well as the country's active policies in the international arena contributed both to Turkey's and the region's prosperity.

Erdogan said Turkey's national income had grown by more than 3 times in the last 8 years and reached 730 billion USD, while the country's exports had increased to 132 billion USD in 2008 and amounted to 114 billion USD during the global economic crisis.

Pointing to the decline in inflation and interest rates as well, Erdogan said the improvement in economy had reflections in Turkey's transportation, energy, agriculture, public works, education, health, justice and security infrastructure, and the biggest investments of the history of the Republic had been carried out in the recent term.

Erdogan said Saudi Arabia made a substantive amount of investments in Turkey, adding that the number of companies with Saudi partners had exceeded 200 and the capital stock had reached 2.5 billion USD.

Erdogan said the foreign trade volume between Turkey and Saudi Arabia had amounted to 4.7 billion USD in 2010, but such figure was not sufficient.

"In the past, capital was assessed in terms of colors, ideologies and poles, and that was a mistake. There have been times when the Arab capital was blocked due to campaigns directed by certain circles. Today, such understanding has radically changed," Erdogan said.

"We would like to see all our Arab brothers invest in health, tourism, energy, construction, industry, agriculture and all other sectors in our country. You can all be sure that doors will be wide open to you," he added.

Referring to the visa exemption deals Turkey has signed with Syria, Jordan and Libya, Erdogan noted that talks were also underway with Saudi Arabia to lift visas.

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Güncelleme Tarihi: 20 Mart 2011, 12:52

SeydiAli

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