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The Turkish-Arab Economic Forum called for speeding up efforts to raise the level of trade integration between the countries of the region, as the volume of the global economy and trade is witnessing a contraction with the increase in geopolitical risks and conflicts. Turkish Treasury and Finance Minister Mehmet Semsek said that the competition between the United States and China, as a rising power, has caused fragmentation in trade, and increased protectionism and geopolitical tensions.
Saudi Arabia and Türkiye have voiced their desire to work to increase the volume of trade exchange and mutual investments. Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef affirmed his country’s confidence in Turkish investors, expressing his hope that they would benefit from the opportunities available in his country.