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Turkey willing to attract Saudi Arabian investments
Turkish state minister for foreign trade said Tuesday that Saudi Arabia's current account surplus was around 100 billion USD and that Turkey was willing to attract part of that money as investments.
Tuesday, 25 November 2008 13:18

Kursad Tuzmen, who met Saudi Arabia's Transportation Minister Jubarah Suraysri, told the visiting minister that Turkey and Saudi Arabia should cooperate more.

"There is a cloud of investment in Saudi Arabia and it seeks a place to flow in. We want to attract it to our country," Tuzmen said.

He said trade volume between Turkey and Saudi Arabia was 2.7 billion USD in the first nine months of 2007 and it reached 4.6 billion USD in the same period of this year.

Suraysri said that he was accompanied by a crowded group of officials and businesspeople who were interested in agriculture investments in Turkey.

He added that Saudi Arabia was waiting for Turkish investments, especially in infrastructure projects, calling on Turkish contractors to participate in tenders for infrastructure projects and university buildings. (

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