Ankara, Turkey— Saudi Arabia and Turkey are looking to boost cooperation in the industrial and mining sectors.
In this regard, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar met on Monday with Saudi Arabia’s Industry and Mineral Resources Minister Bandar Ibrahim Al Khorayef, who is currently visiting Turkey.
The two sides discussed during the meeting enhancing cooperation that benefits the two countries, notably in the industrial and mining sectors.
The two ministers signed a memorandum of understanding (MoU) to advance mining cooperation, particularly critical minerals that are required in new technologies such as electric vehicles and solar panel technologies.
Bayraktar also pointed to Saudi Arabia’s interest in green hydrogen, solar and wind energy.
On the other hand, Turkish Minister of Trade Omer Bolat discussed with Al Khorayef opportunities to enhance the Turkiye-Saudi Arabia economic relations to achieve the desired goals of the two countries.
In a statement after the meeting, Bolat said that Turkiye will implement a strong plan to increase trade with Saudi Arabia, especially mutual investments in the manufacturing sector.
A MoU will be signed in the coming days with Saudi Arabia to advance cooperation in export strategies and sectoral partnerships, Bolat added.
Bolat said that Turkiye will continue to work with Saudi Arabia so Turkish companies obtain more shares of Saudi Arabia’s projects, in line with the country’s industry and mining strategy and Saudi Vision 2030.