Türkiye’s growing relations with Gulf nations and the normalization course of in diplomatic ties have opened a brand new door for the Turkish development sector and can additional contribute to its development within the area, in keeping with a sector consultant.
Turkish Contractors Association (TMB) head Erdal Eren stated that the affiliation may also be represented on the vice-presidential degree within the Federation of Contractors of Islamic Countries (FOCIC).
Stating that Gulf nations have hope for the business for the following 12 months throughout the scope of the present political and diplomatic relations with Türkiye, Eren advised Anadolu Agency (AA) that Saudi Arabia specifically, which plans to implement a brand new undertaking price $3.3 trillion within the subsequent 10 years, “is a candidate to increase the international project volume of the (Turkish) industry.”
“Our companies started to enter Saudi Arabian market in 2018 where Türkiye experienced some difficulties, but the improvement in diplomatic relations paved the way for a large market for Turkish contractors,” he stated.
Pointing out that President Recep Tayyip Erdoğan’s go to to Saudi Arabia and the following go to of Crown Prince Mohammed bin Salman to Türkiye are the primary steps of a brand new period within the relations between the 2 brotherly nations, Eren stated, “In June, Saudi Arabian Minister of Trade Majid bin Abdullah Al Qasabi, in his meeting with Turkish business people in our country, expressed that the relations between the two countries will be better in the coming period than before 2018.”
Pointing out that because the TMB, they’ve begun some initiatives with the power of their worldwide illustration capabilities, Eren stated: “Most recently, at the FOCIC General Assembly, our TMB board member Tevfik Öz was elected as the vice president of the federation to represent our union.”
FOCIC is an affiliate of the Organisation of Islamic Cooperation (OIC), “of which we are a member, and also operates in close cooperation with the Islamic Development Bank,” Eren stated.
“We will work on benefiting from Islamic Development Bank funds whereas bringing collectively contractors from member nations of the OIC that may pave the way in which for partnerships in nations which are extraordinarily necessary for our sector,” he stated, citing Saudi Arabia and the United Arab Emirates as examples.
He added that the election of the president of the Saudi Arabian Contractors Association, Zakariye Al-Abdulqader, because the chairperson of FOCIC may also present a possibility for TMB to work extra intently because the consultant organizations of the 2 nations.
Türkiye and Saudi Arabia are striving to extend political, army and financial relations in all respects to start out a brand new period.
Over the previous 12 months, Ankara has launched into a diplomatic push to reset relations with regional powers akin to Israel, Egypt, the UAE and Saudi Arabia after years of antagonism. Erdoğan repeatedly stated that Türkiye hopes to maximise its cooperation with Israel, Egypt and Gulf nations “on a win-win basis,” at a time when Ankara intensified diplomacy to fix its fraught ties with these regional powers after years of tensions.
