Istanbul, December 22, 2022, SPA -- Saudi-Turkish Business and Investment Forum kicked off today in Istanbul, Turkiye, in the presence of the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, the Turkish Minister of Treasury and Finance, Nureddin Nebati, several officials from both sides, and representatives of the two countries’ public and private sectors, with the participation of more than 280 Saudi and Turkish major companies. In his opening speech, Eng. Al-Falih said that holding the forum provides strong economic opportunities between the Kingdom and Turkiye and seeks to achieve integration between the two countries and takes advantage of their enormous investment potential, and provides an opportunity to explore aspects of qualitative investment cooperation in many areas of common interest. He stressed that the Saudi-Turkish economic partnership has great potential, as private sector partnerships and business relations are the main engines for strengthening economic relations between the two sides, highlighting the strong historical ties between the Kingdom and Turkiye, which extend for 90 years. He pointed out that the manufacturing, construction, tourism, biotechnology, and healthcare sectors are among the main sectors that have the potential to create promising investment opportunities for both countries. The forum witnessed the signing of several agreements and memorandums of understanding (MoUs), including 12 agreements and MoUs signed between the public and private sectors and between the private sector from both sides in renewable and sustainable energy, minerals, mining industries, advanced polymers, manufacturing industries, the establishment and development of polyester factories, financing and credit facilities, export, legal services, and law. The forum also included presentations highlighting the most prominent developments in the business environment in the Kingdom, major projects related to the Kingdom's Vision 2030, and investment opportunities in Turkiye, in addition to dialogue sessions that discussed prospects in energy transformation and manufacturing industries, benefiting from regional opportunities, the future of the real estate, construction, and sustainability through innovation in agriculture. and food and beverages. The forum also included holding bilateral meetings between major companies and representatives of the private sector from both sides. --SPA 21:00 LOCAL TIME 18:00 GMT 0033 www.spa.gov.sa/w1830220