Saudi Press

Saudi Arabia and the world
Saturday, May 10, 2025

Turkish President Erdogan to Embark on Three-Day Tour of Gulf Region to Strengthen Ties and Boost Economic Cooperation

Turkish President Erdogan to Embark on Three-Day Tour of Gulf Region to Strengthen Ties and Boost Economic Cooperation

Turkish President Recep Tayyip Erdogan is set to embark on a three-day tour of the Gulf region, starting with a visit to Saudi Arabia, followed by high-level meetings in Qatar and the UAE.
Erdogan will be accompanied by several ministers and businesspeople, with the aim of strengthening ties with the region while addressing common concerns such as Syria, Libya, Palestine, and Iraq.

The visit is expected to result in several bilateral agreements across a range of sectors including energy, pharmaceuticals, technology, food, logistics, agriculture, and petrochemicals.

The urgent need for Turkey to attract foreign direct investment and boost its international currency reserves is closely tied to this visit, with Erdogan turning to investors in the Gulf for external resources before November when the country faces several debt repayments.

Economic concerns will be the top priority of Erdogan's Gulf visit, according to Robert Mogielnicki, a non-resident fellow at the Arab Gulf States Institute in Washington.

Building closer economic and trade ties will be a gradual process with uncertain returns on investment, despite potential investment announcements or memoranda of understanding arising from this visit.

The visit is expected to result in several bilateral agreements across a wide range of sectors, including energy, pharmaceuticals, technology, food, logistics, agriculture, and petrochemicals.

Aylin Unver Noi, Professor at Halic University in Istanbul, noted that various factors have contributed to the normalization of relations among regional actors, including the Abraham Accords, the change in the US administration, the 2021 AlUla agreement, the economic impact of the COVID-19 pandemic, the war in Ukraine, and the earthquakes in southeastern Turkey.

Recently, Turkish Minister of Treasury and Finance Mehmet Simsek visited Saudi Arabia, accompanied by Turkiye’s newly appointed Central Bank governor, Hafize Gaye Erkan.

Turkish companies have signed various agreements with Saudi counterparts in engineering consultancy, construction, and real estate development, indicating the potential for increased collaboration.

Vice-president Cevdet Yilmaz, a Turkish President Recep Tayyip Erdogan will travel to Qatar, Kuwait, and Oman next week in an effort to strengthen ties with the Gulf countries and attract economic support for Turkey's struggling economy.

During his visit, Erdogan will meet with top officials in each country to discuss cooperation in various fields, including trade, defense, and investment.

The visit comes at a crucial time for Turkey, which is gearing up for two elections in May.

In recent years, Turkey has normalized relations with the United Arab Emirates and Saudi Arabia, and has aggressively courted Gulf investments to help stabilize its economy.

Erdogan's visit to the region is seen as an effort to further strengthen those ties and attract additional investment.

According to Hakan Akbas, a senior adviser at the commercial diplomacy firm Albright Stonebridge Group, Saudi Arabia is pursuing a policy of "check-book diplomacy" with Turkey, and is planning to invest in a range of sectors, including state-owned assets, export-driven enterprises, and real estate projects.

In addition to economic cooperation, the visit is also expected to boost bilateral trade and tourism between Turkey and the Gulf countries.

Erdogan's visit is likely to result in new deals for military and defense equipment procurement, as the Saudi government looks to diversify its suppliers beyond the US.

Overall, Erdogan's visit to Qatar, Kuwait, and Oman is seen as a significant opportunity for Turkey to strengthen its ties with the Gulf region and attract much-needed economic support.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
India-Pakistan conflict may be first test for Chinese military tech
Bill Gates Announces Plan to Wind Down Philanthropic Foundation and Disperse Wealth
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Warren Buffett to Step Down as Berkshire CEO After Nearly 60 Years
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
The Rush to the White Gold: Global Investment Surge in Natural Hydrogen Exploration
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Liverpool Clinches Record-Equalling 20th English League Title Under Arne Slot
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Pope Francis Laid to Rest in Rome as World Leaders Attend Funeral
Not Child’s Play: How Competitive Gaming Became a Global Economic Empire
California Surpasses Japan to Become the World’s Fourth-Largest Economy
Former U.S. Congressman George Santos sentenced to eighty-seven months for wide-ranging fraud
Israel Considers Limited Strikes on Iran's Nuclear Facilities Amid Diplomatic Efforts
Saudi Arabia Offers Max Verstappen Unprecedented Deal to Join Aston Martin
Global Pistachio Shortage Amid Rising Demand for 'Dubai Chocolate'
IMF Predicts No Global Recession Amid Trade Tensions
Worldwide Markets Decline as U.S.-China Trade Frictions Intensify
OpenAI Lands Unprecedented $40 Billion Investment
Removing the Political Adversary is Dismantling What's Remaining of Turkey's Economy.
Ex-FIFA President and French Football Icon Acquitted of Corruption Allegations
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
Volunteers in Jeddah Ensure No One Goes Hungry During Ramadan Iftar
New Restaurant Opens in Makkah's Iconic Clock Tower for Ramadan Iftar
Saudi Arabia's Project Masam Removes 552 Houthi Mines in Yemen
Saudi Arabia Fines Over 400 Foreign Trucks for Regulatory Violations
Saudi National Campaign for Charitable Work Reports Significant Donations in Ramadan
Historic Al-Hosn Al-Asfal Mosque Restored in Asir as Part of National Heritage Initiative
KSrelief Expands Humanitarian Efforts in Syria, Sudan, and Lebanon
Saudi Arabia Advocates for Global Water Cooperation at Forum
Madinah Governor Tours Islamic Arts Biennale in Jeddah
Saudi Foreign Minister in Cairo to Lead Meeting on Gaza Developments
Recognition of Saudi and Pakistani Entrepreneurs at Riyadh Ceremony
UAE Announces $1.4 Trillion Investment Plan in the United States
Saudi Arabia Innovates in Soil Quality and Water Conservation
Governor of Taif Engages with Rose and Aromatic Plants Cooperative
Saudi Food and Drug Authority Enhances Preparations for Hajj Season
Saudi Arabia Distributes Aid to Yemen and Romania
Restoration of Historic Al-Qalaah Mosque in Riyadh Underlines Heritage Preservation Efforts
Saudi Arabia Arrests Over 25,000 for Immigration Violations in One Week
UAE’s ADQ and Energy Capital Partners Announce $25 Billion Energy Venture in the U.S.
KSrelief Launches Extensive Ramadan Food Aid Initiative
Ramadan Celebrations Revitalize Historic Jeddah
Makkah Authorities Urge Worshippers to Follow Crowd Management Guidelines
Direct Flights Between Dammam and Damascus Reestablished for Syrian Residents
Saudi Main Index Rises to Close at 11,760 Amid Mixed Market Performance
Moroccan Prime Minister Aziz Akhannouch Visits Prophet's Mosque in Madinah
Cultural Development Fund Hosts Third Annual Storytellers Event in Riyadh
Investment Surge in Fintech, Gaming, and Health Care Across MENA Region
×