Al-Falih: There are investment opportunities worth $3 trillion in all Saudi sectors

Engineer Khalid Al-Falih, Minister of Investment, said that investment opportunities in Saudi Arabia in all sectors are estimated at about $3 trillion.

According to Al Arabiya, Al-Falih added, on the sidelines of the Turkish-Saudi Investment Forum in Istanbul, that the Turkish private sector has a comparative advantage in a number of sectors, most notably the contracting and construction sector.

The minister said that the most prominent investment opportunities in the short term are in the construction sectors, as the volume of contracts that will be awarded in the next few years is about 1.8 trillion dollars, in order to establish projects to achieve the goals of the vision and build a sustainable economy.

He explained that Turkish contracting companies jumped from 8 companies on the list of the 200 largest global contracting companies to 40 companies currently, and only Chinese companies surpass them in the ranking.

He added that Turkish companies have implemented very large infrastructure projects in Turkey and have moved on to implementing projects around the world, including Saudi Arabia. We aspire to increase the participation of Turkish contracting companies in Saudi Arabia, especially in partnership with Saudi contracting companies.

He pointed out that Turkey has achieved success in privatization projects and partnerships between the public and private sectors and has many facilities that operate successfully after their privatization. The Kingdom has a privatization program as one of the vision programs, and the National Center for Privatization displays ready-made projects to Turkish companies.

He pointed out that there are also investment opportunities in advanced industries and global supply chains.

The Turkish-Saudi Investment Forum was held in the Republic of Turkey in Istanbul, in the presence of Engineer Khalid bin Abdulaziz Al-Falih, Minister of Investment, Ahmed bin Aqeel Al-Khatib, Minister of Tourism, Mehmet Simsek, Turkish Minister of Treasury and Finance, and Burak Daglioglu, Chairman of the Investment Authority of Turkey, and the participation of a number of government and private sector officials. From both countries.