1,040 Saudi Firms Operating in Turkey

Merchants chat in front of a currency exchange office at the historical Grand Bazaar in Istanbul, Turkey, January 12, 2017. (Reuters)
Merchants chat in front of a currency exchange office at the historical Grand Bazaar in Istanbul, Turkey, January 12, 2017. (Reuters)
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1,040 Saudi Firms Operating in Turkey

Merchants chat in front of a currency exchange office at the historical Grand Bazaar in Istanbul, Turkey, January 12, 2017. (Reuters)
Merchants chat in front of a currency exchange office at the historical Grand Bazaar in Istanbul, Turkey, January 12, 2017. (Reuters)

A total number of 1,040 Saudi firms continue to operate in Turkey, with a trade exchange of USD8 billion between the two countries, according to Senior Turkish Adviser Dr. Mustafa Kokso.

The trade exchange target is USD20 billion after the diversification of the economic basket, Kokso told Asharq Al-Awsat, noting that Saudi Arabia and Turkey require new investment means that go in tandem with Saudi Vision 2030 and Turkish aspirations.

Kokso expressed Turkey’s interest in the Kingdom’s infrastructure, including airports and trains, and investment in economic buildings for low-income households, adding that the Saudi investments in Turkey take place through 1,040 firms.

Furthermore, economist Hadeel Abu al-Aoula listed some of the investment advantages resulting from trade exchanges, saying they consolidate the state’s economy and place it among the best investors and exporters globally.

Saudi Arabia placed seventh in 2017 among prime investing states in Turkey.

Abu al-Aoula stated to Asharq Al-Awsat that the Turkish-Saudi economic cooperation is passing through a phase of prosperity and mounting growth, opening new dimensions for further ambitious bilateral projects.

The economist added that the Kingdom is providing legal assistance for investors through assigning a number of lawyers in its embassy in Ankara or its consulate in Istanbul. It also supplies investors with any information that facilitates goal-oriented investment operations serving both countries.

Speaking about major Turkish industries that attract Saudis, Abu al-Aoula mentioned machines, food, minerals, consumer products and the fabric industry.



Port of NEOM Strengthens Role in Global Supply Chain Connectivity

By empowering Saudi workers with high-tech skills, Port of NEOM is supporting NEOM’s vision of being a catalyst for a sustainable, diverse, and innovative ecosystem that enables regional economic resilience and advances the goals of Saudi Vision 2030 - SPA
By empowering Saudi workers with high-tech skills, Port of NEOM is supporting NEOM’s vision of being a catalyst for a sustainable, diverse, and innovative ecosystem that enables regional economic resilience and advances the goals of Saudi Vision 2030 - SPA
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Port of NEOM Strengthens Role in Global Supply Chain Connectivity

By empowering Saudi workers with high-tech skills, Port of NEOM is supporting NEOM’s vision of being a catalyst for a sustainable, diverse, and innovative ecosystem that enables regional economic resilience and advances the goals of Saudi Vision 2030 - SPA
By empowering Saudi workers with high-tech skills, Port of NEOM is supporting NEOM’s vision of being a catalyst for a sustainable, diverse, and innovative ecosystem that enables regional economic resilience and advances the goals of Saudi Vision 2030 - SPA

Port of NEOM has marked a major milestone with the arrival of the first fully automated, remote-controlled Ship-To-Shore (STS) and Electric Rubber-Tyred Gantry (eRTG) cranes in the Kingdom, advancing its goal to become a global hub for smart, sustainable trade, SPA reported.

Strategically located on the Red Sea, Port of NEOM is already serving as a critical gateway on the East-West trade route. The newly arrived state-of-the-art cranes will play a critical role in the port’s automation strategy, unlocking the potential for high-volume, high-efficiency operations.

Development of Port of NEOM continues at a pace ahead of the 2026 opening of Terminal 1, a next-generation container terminal, with recent infrastructure milestones including the completion of a 900-meter quay wall and the deepening of the port channel to 18.5 meters—enabling the world’s largest vessels transiting the Suez Canal to call at Port of NEOM.

Terminal 1 will also feature horizontal transport automation as part of its broader goal to achieve full automation. Once operational, these technologies will significantly expand the port’s logistics capacity, driving regional industrial growth, opening access to global markets, enhancing supply chain resilience, and unlocking business opportunities.

Port of NEOM Managing Director Sean Kelly said: “The arrival of our first automated cranes marks a tangible milestone as we lay the foundations for an advanced, future-ready port. We are not only accelerating industrial growth in northwest Saudi Arabia, but we are also setting a new benchmark for performance, efficiency, innovation and establishing a vital trade gateway for the Kingdom and the region beyond.”

In parallel with its investments in infrastructure and automation, Port of NEOM is also committed to developing local talent, including training Saudi women to take on high-tech roles. Central to this effort is a pioneering initiative to train the next generation of production specialists in remote crane operation skills, thereby helping to shape a more inclusive future for the logistics and industrial sectors.

By empowering Saudi workers with high-tech skills, Port of NEOM is supporting NEOM’s vision of being a catalyst for a sustainable, diverse, and innovative ecosystem that enables regional economic resilience and advances the goals of Saudi Vision 2030.