AGL 35.31 Increased By ▲ 3.31 (10.34%)
AIRLINK 138.39 Decreased By ▼ -2.25 (-1.6%)
BOP 5.10 Increased By ▲ 0.01 (0.2%)
CNERGY 4.11 Decreased By ▼ -0.05 (-1.2%)
DCL 9.20 Increased By ▲ 0.05 (0.55%)
DFML 52.80 Increased By ▲ 1.45 (2.82%)
DGKC 82.32 Increased By ▲ 1.37 (1.69%)
FCCL 23.58 Increased By ▲ 0.76 (3.33%)
FFBL 45.80 Decreased By ▼ -0.15 (-0.33%)
FFL 9.30 Decreased By ▼ -0.17 (-1.8%)
HUBC 150.18 Decreased By ▼ -0.71 (-0.47%)
HUMNL 10.74 Decreased By ▼ -0.16 (-1.47%)
KEL 4.06 Decreased By ▼ -0.04 (-0.98%)
KOSM 9.97 Increased By ▲ 0.33 (3.42%)
MLCF 34.35 Increased By ▲ 1.02 (3.06%)
NBP 59.18 Increased By ▲ 0.16 (0.27%)
OGDC 135.70 Decreased By ▼ -0.69 (-0.51%)
PAEL 25.70 Increased By ▲ 0.19 (0.74%)
PIBTL 5.98 Increased By ▲ 0.01 (0.17%)
PPL 112.30 Increased By ▲ 0.10 (0.09%)
PRL 24.29 Increased By ▲ 0.10 (0.41%)
PTC 11.99 Increased By ▲ 0.21 (1.78%)
SEARL 57.95 Increased By ▲ 0.06 (0.1%)
TELE 7.80 Decreased By ▼ -0.10 (-1.27%)
TOMCL 41.75 Increased By ▲ 0.05 (0.12%)
TPLP 8.39 Decreased By ▼ -0.01 (-0.12%)
TREET 15.11 Decreased By ▼ -0.07 (-0.46%)
TRG 52.30 Increased By ▲ 1.20 (2.35%)
UNITY 28.65 Increased By ▲ 0.65 (2.32%)
WTL 1.54 Increased By ▲ 0.07 (4.76%)
BR100 8,366 Increased By 71.1 (0.86%)
BR30 26,903 Increased By 103.4 (0.39%)
KSE100 79,287 Increased By 671.7 (0.85%)
KSE30 25,073 Increased By 216.8 (0.87%)

RIYADH: Turkish President Recep Tayyip Erdogan arrives on Monday in Saudi Arabia during a three-country Gulf tour as he looks to attract foreign investment in his country’s ailing economy.

Erdogan is scheduled to land in the Red Sea city of Jeddah to meet King Salman and Crown Prince Mohammed bin Salman, the country’s de facto ruler, before going to the United Arab Emirates and Qatar later this week.

“During our visits, our primary agenda will be joint investment and commercial activities with these countries in the upcoming period,” Erdogan said before leaving Istanbul.

He said bilateral trade with Gulf countries has increased from $1.6 billion to approximately $22 billion over the past 20 years.

“With the business forums to be organised, we will look for ways to move this figure much further,” Erdogan said.

The visit is his second to Saudi Arabia since a recent rapprochement. Ties between the two countries were strained by the 2018 murder of journalist Jamal Khashoggi in the kingdom’s Istanbul consulate. Turkey angered Saudi Arabia by vigorously pursuing the case at the time, opening an investigation and briefing international media on the gory details of the killing.

But with ties on the mend, Erdogan visited Saudi Arabia in April 2022, and Prince Mohammed went to Turkey in June last year.

Comments

Comments are closed.