ISTANBUL Projects within the scope of the Vision 2030 plan announced by the Saudi Arabian government open new investment windows for Turkish businesspeople. With the plan, Saudi Arabia is preparing to transform the country socially, culturally and economically and make it a center of attraction for the region. The Vision 2030 initiative, which was announced by the Saudi government on April 25, 2016, includes mega city projects such as Neom, infrastructure work, the construction of projects arising from global events such as the World Cup and the 2029 Asian Winter Games to be held in Saudi Arabia, and the construction of health, education and public services.
The economic development plan, worth from $500 billion to $1 trillion, aims to transform the country in many fields. The National Center for Privatization (NCP), which was established in 2017, continues its activities to attract local and international private sector potential to Saudi Arabia to improve public infrastructure and services and contribute to sustainable development. Turkish companies also visited the capital Riyadh on Tuesday in order to get a share of these large investments.
Within the scope of the visit, in cooperation with the NCP, Turkish companies aim to make contacts to become partners in the investment potential in the region. Turkish companies will hold meetings organized through the NCP with senior officials from Saudi Arabia's ministries of Investment; Environment, Water and Agriculture; Transport.