Türkiye, Saudi Arabia Focus on Investment, Trade Growth

A new trade potential was explored at the Türkiye-Saudi Arabia Business Forum in Istanbul, held as part of the 11th World Halal Summit on Friday.

Türkiye's Foreign Economic Relations Board's (DEIK) Türkiye-Saudi Arabia Business Forum, held as part of the event, discussed sectors and proposals that will increase trade between the two countries, The Caspian Post reports, citing Turkish media.

The event kicked off Wednesday in Istanbul, bringing together sector participants under the main theme of "Strengthening Halal Industry via Innovation and Excellence."

The 11th edition of the World Halal Summit and Expo runs from Nov. 26 to 29, under the auspices of the Turkish presidency, with the Organization of Islamic Cooperation (OIC) and several institutions, including the Turkish Trade Ministry and the Halal Accreditation Agency. Anadolu is the event's global communications partner.

The forum, attended by leading representatives of the Turkish and Saudi business worlds, focused on new business areas, sectoral opportunities and investment potential that will increase trade volume between the two countries.

The meeting discussed investment opportunities in strategic sectors, new steps to increase trade volume and long-term economic cooperation models.

The growth in the global halal market and the two countries' shared competitiveness in the market were among the highlights.

Bilateral business meetings (B2B) provided an important platform for Turkish and Saudi companies to develop new partnerships and discuss concrete project opportunities.