Caglayan calls on Saudi businesspeople to invest in Turkey

Speaking to reporters in Jeddah over the weekend, Economy Minister Zafer Caglayan said that Turkish businesspeople should seek opportunities in infrastructure projects in Saudi Arabia, where investments reaching $1 trillion for the next 20 years are planned. Caglayan praised the work carried out by Turkish contractors in projects around the world and said they would bring and use their expertise in Saudi Arabian projects as well. Caglayan also invited Saudi businesspeople to come to Turkey for investment, saying that his country had made major improvements in the investment environment with a new package of incentives. As part of his official visit, Caglayan also signed a memorandum of understanding with the members of the Islamic Development Bank (IDB) in a move to build more economic bridges in the Islamic world by boosting trade and investment among the parties.