Prince Mohammed bin Salman accompanies the Turkish president to his place of residence in Jeddah

For his part, Erdogan said in televised statements before leaving his country that he would discuss during his visit to Saudi Arabia areas of investment, adding that “Saudi Arabia is one of the most important countries in the region.” The visit is expected to enhance the volume of trade between Saudi Arabia and Turkey, at a time when the Saudi-Turkish Business Council is meeting on the sidelines of the visit. Economic and trade relations between Saudi Arabia and Turkey have witnessed steady growth in recent years, and by last March there were 1,140 Saudi companies investing in Turkey, and 390 Turkish companies investing in Saudi Arabia, and investments are concentrated in the sectors of construction, manufacturing, wholesale and retail trade, and the restaurant sector. The Saudi-Turkish Business Forum was recently held in Istanbul and culminated in the signing of 16 cooperation agreements between the Saudi side and Turkish companies in the fields of real estate development, construction, engineering consultancy and a number of other investment sectors, with a value exceeding 2.3 billion riyals. And Saudi Arabia decided to deposit $ 5 billion in the Turkish Central Bank last March, which relieved foreign currency pressure in Turkey in the wake of the devastating earthquake.