Saudi Arabia hopes to make significant investments into Turkey over the next two decades. Figures for this are up to $600 billion. The main areas of investment will probably be manufacturing and agriculture, according to the National Commercial Bank’s chair, Abu al-Nasr. He commented that agriculturally, Turkey has come out as “one of the top recipients of Saudi investment, as the kingdom seeks to boost its food security.” In this vein, Planet Food World is set to put a $3 billion investment into Turkish agriculture over the next five years. The goal is to ultimately “export food products to the Gulf region.”
Investments Good for King?
Maybe this is what is helping Saudi Arabia’s King get well again. According to reports from his daughter, King Abdullah is getting so much better that he will soon be making his way back to is country. Currently King Abdullah is in America where he went for back surgery on November 22 for a debilitating herniated disc complicated by a haematoma which put pressure on his spine. The surgery was successful but he also required a supplementary surgery to repair other vertebrae. That too went well.
Of course, any good news like financial improvement for his country would make King Abdullah happy. But perhaps this really good news about working with Turkey helped facilitate his recovery even further.