Saudi Arabia invites Turkish investors for 2030 Vision

By Gulsen Cagatay and Nuran Erkul

ISTANBUL (AA) - The Kingdom of Saudi Arabia wants to see Turkish investors in the context of its 2030 vision to become a global investment powerhouse, the Kingdom's Ambassador to Ankara, Walid Bin Abdul Karim Al Kharaj, said Tuesday.

Speaking at the special session of the 22nd World Petroleum Congress, of which the Anadolu Agency is the global communication sponsor, Al Kharaj said the Kingdom strongly supports the 2030 Vision.

Saudi Arabia’s 2030 vision lays out a blueprint for the kingdom's long-term goals and expectations reflecting its strengths and capabilities. Some of the principles target the kingdom becoming a "global investment powerhouse" and aim to transform the country's unique strategic location into a global hub connecting three continents, Asia, Europe and Africa.

Saudi Arabia has been employing 13 national transformative programs to be able to achieve this vision, which includes forming strategic partnerships, strengthening the private and public sector and restructuring the country’s public investment funds.

Saudi Arabia's General Investment Authority Head Ayidth Al-Otaibi explained that they are seeking around $30 billion in investment per year to be able to achieve the vision.

"We will try to avail of all opportunities we can. We look forward to seeing Turkish investors in Saudi Arabia," he affirmed.

He added that renewable energy, mining, chemicals, the retail, tourism and health care services would be among the main sectors that they will focus on as part of their 2030 Vision.