In a notable step toward strengthening economic and trade relations between Saudi Arabia and Turkey, the Saudi-Turkish Business Forum was held in Madinah in 2024, forming a unique platform for dialogue and cooperation between the business sectors of both countries.

The forum aims to deepen trade relations and explore new horizons for joint investment projects, drawing on the promising opportunities in both economies. It comes amid growing interest from the leaderships of both countries, reflecting a shared desire to elevate trade exchange — which recorded more than SAR 26 billion in 2023 — to new heights through economic and investment partnerships between Saudi and Turkish companies.

The forum featured workshops and interactive dialogue sessions with the participation of more than 700 Saudi and Turkish companies, covering topics of interest to the business sectors in both countries. The participating Turkish companies came from diverse sectors including construction and contracting, automotive, textiles, food, furniture, energy and logistics services, reflecting the scale of economic diversity and the major opportunities for future cooperation.

The forum brought together representatives from the business and government sectors of both countries, alongside companies specialising in several fields. This diverse gathering enriched the discussions and the exchange of experience, opening new horizons for joint projects capable of driving economic and trade growth between Saudi Arabia and Turkey.

The forum is expected to help consolidate bilateral relations and lead to the signing of a number of investment and trade agreements that will boost trade and economic exchange between the two countries. Organisers also hope these partnerships will result in joint projects that contribute to prosperity and development for both sides.

The Saudi-Turkish Business Forum in Madinah represents an important step toward a bright future for economic cooperation between Saudi Arabia and Turkey, as both countries pursue further economic growth and development that serves their mutual interests and enhances their standing on the international stage.