Minister of Finance Mohammed Al-Jadaan signed a Memorandum of Understanding (MoU) yesterday with Minister of Finance and Treasury of the Republic of Turkiye Mehmet Simsek.

It was signed on the sidelines of the Future Investment Initiative forum (FII) in Riyadh, scheduled for 24-26 October 2023, which seeks to enhance cooperation in finance and investment.

Al-Jadaan said the MoU reflects the strong historical relations between Saudi Arabia and Turkiye, noting the opportunities to strengthen bilateral economic relations and develop more effective partnerships.

The MoU focuses on solidifying bilateral relations and enhancing cooperation in the areas of the financial sector development and public finance through encouraging opportunities and exchanging experiences in related topics between the two sides.

Source: Saudi Press Agency