Saudi Arabia has become the largest foreign market for Turkish contractors
The Turkish Contractors Association, in its new report, states that Saudi Arabia has become the largest foreign market for contractors from this country.
According to this report, published on the association’s website, Turkish contractors have undertaken the development of more than 161 new foreign projects valued at 118 billion dollars in the first nine months of this year, with 23 billion dollars of it related to Saudi Arabia.
The relations between the two countries had become severely turbulent following the murder of Saudi journalist Jamal Khashoggi at the Saudi consulate in Istanbul in 2018, but relations between the two countries returned to normal two years ago.
Details from the association’s statistics show that Iran is not on the list of major foreign projects for Turkish contractors, even though a quarter of the foreign projects by Turkish contractors are related to the Middle East.
Statistics from Turkey’s Ministry of Culture and Tourism also show that in the first eight months of this year, 655,000 Saudi tourists entered the country, which is 25 times the same period in 2021.