Thursday, June 13, 2024

Saudi Arabia and Turkey ink agreements on energy, defence fields

Saudi Arabia and Turkey have signed a number of memorandums of understanding in various fields including energy, direct investments and defence, Saudi state news agency SPA reported on Tuesday.

Turkey’s President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman, the kingdom’s de facto ruler, witnessed the signing ceremony of the bilateral agreements between the two countries, SPA said.

Saudi Arabia signed two contracts with Turkish defence firm Baykar to buy drones “with the aim of enhancing the readiness of the Kingdom’s armed forces and bolstering its defense and manufacturing capabilities,” Saudi Defence Minister Prince Khalid bin Salman said in a tweet on Tuesday.

The two countries also signed a defence cooperation plan, the minister added.

Erdogan met the crown prince late Monday night.

He had arrived in the kingdom earlier on Monday for the first stop of a Persian Gulf tour with “high hopes” for investment and finance as Turkey looks to ease budget strains, chronic inflation and a weakening currency.

Erdogan’s Persian Gulf tour, which also includes Qatar and the United Arab Emirates, is due to conclude on July 19.

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