$50 billion.. Construction projects between Türkiye and Saudi Arabia
“Aramco wants to see as many Turkish contractors as possible in its projects,” Eren said, adding: “They are planning a refinery, pipelines, office buildings and other infrastructure constructions with an investment value of up to $50 billion.”
Shrouq
After the Turkish president's visit to Saudi Arabia and his announcement of the start of a new phase of relations with the kingdom the Saudi Aramco group met with Turkish contractors to discuss projects worth $50 billion in the kingdom.
$50 billion of potential projects
Saudi Aramco met with number of Turkish contractors this week to discuss $50 billion of potential projects in the Gulf kingdom, underlining improving trade ties between the two countries after they buried a diplomatic spat over the killing of Jamal Khashoggi.
80 building companies
Representatives of the state-controlled oil firm met executives from about 80 building companies in workshops in the Turkish capital Ankara on Tuesday and Wednesday, and are seeking to pre-qualify them for projects planned through 2025, Erdal Eren, head of the Turkish Contractors Association, said in a phone interview.
“Aramco wants to see as many Turkish contractors as possible in its projects,” Eren said, adding: “They are planning a refinery, pipelines, office buildings and other infrastructure constructions with an investment value of up to $50 billion.”
The head of the Turkish Contractors Union added, "The company will soon put together a list of contractors who can participate in project bids," noting that the two sides will meet again soon in Saudi Arabia.
Investment projects
Eren said, "This is a lifeline for Turkish contractors, who have suffered a lot and lost their jobs due to the war between Russia and Ukraine," noting that "investment projects supported by the Turkish government have begun to decline in recent years, especially after the earthquakes."
Turkish President Recep Tayyip Erdogan said in April 2022, before he went to Saudi Arabia, "We will return relations with Saudi Arabia to a better stage than before" During his meeting with Saudi Crown Prince Mohammed bin Salman, Erdogan confirmed that the visit "will open the doors to a new era with the friendly and brotherly kingdom."
In April 2022, Turkey conducted the final stage of the trial in absentia of 26 suspects in the Khashoggi murder case, before referring the case to Riyadh, in a decision that was condemned by human rights organizations.
