Minister of Industry and Mineral Resources concludes official visit to Türkiye

Riyadh, September 2, 2023, SPA-- Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef, has concluded an official visit to Türkiye to strengthen cooperation between the two countries in the industrial and mining sectors. The visit also aimed to boost trade, and non-oil exports, and explore promising investment opportunities in these sectors.
During his visit, Minister Alkhorayef held meetings with Turkish officials, including the Minister of Industry and Technology, Mehmet Fatih KACIR, and the Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar. These discussions centred on reinforcing industrial collaboration and elevating economic partnerships between the two nations.
Minister Alkhorayef also engaged with the Turkish Minister of Trade, Ömer Bolat, to explore avenues for enhancing trade and expanding non-oil exports. He further discussed potential cooperation with the President of the Turkish Defense Industries Union, Haluk Görgün.
The visit included participation in roundtable events organized by the Foreign Economic Relations Board of Turkiye (DEİK) in Istanbul and the Union of Chambers and Commodity Exchanges of Türkiye in Ankara. These forums facilitated valuable exchanges of ideas and views among investors, focusing on promising investment prospects within the industrial and mining sectors. Additionally, the Kingdom's appealing advantages and capabilities for investors were highlighted.
Minister Alkhorayef conducted field visits to various Turkish companies and factories, engaging with their officials and gaining insights into cutting-edge automation and Fourth Industrial Revolution technologies. These visits paved the way for discussions on bolstering cooperation between the private sectors of both countries, with a strong emphasis on knowledge transfer and expertise exchange.
During the visit, a memorandum of understanding (MoU) was signed between the Ministry of Industry and Mineral Resources and the Turkish Ministry of Energy and Natural Resources, aimed at strengthening collaboration in the mining sector. Another MoU was signed between the National Industrial Development Center (NIDC) and a Turkish company, with a focus on industry, technology, and innovation cooperation. Furthermore, a MoU was signed between the NIDC and the Turkish company RoboTurkiye in Istanbul, emphasizing cooperation in artificial intelligence (AI).
Minister Alkhorayef's visit also included a meeting with a delegation of Saudi male and female students pursuing studies in Türkiye.
The overarching goal of the visit was to reinforce collaboration in the fields of industry and mining, expand export opportunities between the two nations, and attract high-quality foreign investments across various targeted sectors.
--SPA