Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Al-Khorayef, recently concluded an official visit to Turkey with the aim of enhancing cooperation in the fields of industry and mining. The visit also sought to expand export opportunities between the two nations and attract high-quality foreign investments in targeted sectors. This important diplomatic mission was reported by the Saudi Press Agency.
During his visit, Minister Al-Khorayef engaged in productive meetings with several high-ranking Turkish officials, including Minister of Industry and Technology Mehmet Fatih Kacir, Minister of Energy and Natural Resources Alparslan Bayraktar, Minister of Trade Omer Bolat, and President of the Turkish Defense Industries Union Haluk Gorgun.
The focal points of these discussions were centered around strengthening industrial collaboration, increasing non-oil exports, and elevating economic partnerships between Saudi Arabia and Turkey. These deliberations are vital in fostering mutually beneficial relationships and driving economic growth in both nations.
As part of his visit, Minister Al-Khorayef participated in roundtable events organized by key institutions, such as the Turkish Foreign Economic Relations Board in Istanbul and the Union of Chambers and Commodity Exchanges in Ankara. These events served as platforms for in-depth discussions on trade and economic cooperation.
Furthermore, Minister Al-Khorayef had the opportunity to visit various Turkish companies and factories, engaging with their officials to gain valuable insights into cutting-edge automation and Fourth Industrial Revolution technologies. These field visits were instrumental in paving the way for discussions on strengthening cooperation between the private sectors of Saudi Arabia and Turkey, with a specific focus on knowledge transfer and the exchange of expertise.
During his visit, three significant Memoranda of Understanding (MoUs) were signed to solidify collaboration between the two nations. The first MoU was signed between the Saudi Ministry of Industry and Mineral Resources and the Turkish Ministry of Energy and Natural Resources, with a specific emphasis on strengthening cooperation in the mining sector.
Another MoU was inked between the National Industrial Development Center and a Turkish company, aiming to foster cooperation in the fields of industry, technology, and innovation. This highlights the commitment to advancing technological growth and innovation in both countries.
A third MoU was signed between the Saudi Industrial Center and the Turkish company RoboTurkiye in Istanbul, with a focus on enhancing cooperation in the field of artificial intelligence. This reflects the growing importance of AI in various industries and the shared desire to harness its potential.
In addition to these strategic engagements, Minister Al-Khorayef's visit also included a meeting with a delegation of Saudi students studying in Turkey, reinforcing the bonds between the two nations and promoting educational and cultural exchanges.
Overall, Minister Al-Khorayef's visit to Turkey signifies a commitment to strengthening economic ties and exploring new avenues for collaboration between Saudi Arabia and Turkey, ultimately leading to mutual prosperity and growth.