New Relations Between Saudi Arabia and Turkey - Important Information

Created: 2022-07-06
Last Updated: 2024-05-02
Views: 1337

Content Index

What is the relationship between Saudi Arabia and Turkey?
The aspects in which Turkey and Saudi Arabia will cooperate:
Reasons for the emerging relations between Turkey and Saudi Arabia:
Reasons for Saudi investors heading to Turkey:
- The opportunity to get Turkish citizenship:
- Getting abundant and rewarding return:

New relations emerging between the Saudi and Turkish state, which will have a positive impact on various sectors in Turkey, especially the economic one.

Through the following article, the editing team at Ramzy Real Estate Company will provide you with a comprehensive and detailed report on all the information you are looking for about the relationship between the Saudi and Turkish states.

What is the relationship between Saudi Arabia and Turkey?

New relations between Saudi Arabia and Turkey are insight, and this matter was deduced after King Mohammed bin Salman’s visit to the Turkish state, after Turkish President Recep Tayyip Erdogan visited Saudi Arabia, which coincided with April 28, 2022 AD.

In your opinion, what do these relations refer to between the two countries?

-A comprehensive renaissance will be reflected in both countries.

-Economic recovery.

-Joint cooperation and giving more strength on many levels.

- Development in economic - political - military - security relations.

The aspects in which Turkey and Saudi Arabia will cooperate:

The two countries aspire to create new relations in several aspects that will benefit them, the most prominent of which are:

-energy.

-Petroleum and its refining.

- Petrochemicals.

- Energy efficiency.

-electricity.

-sustainable energy.

It is worth noting that many of the leading companies in Turkey invite Saudi companies to enter into partnerships with them or to be independent on their own, as this will be reflected positively on the Turkish situation and contribute to a general recovery at various sectors and levels.

In this regard, an important thing must be noted, which is that the new relations that are established between the Saudi and Turkish states will have other dimensions, as they will affect Turkey's relationship with other countries. This has been clearly demonstrated by the new agreements and investments that are emerging between the Turkish and Emirati states, and the clear improvement of relations between Turkey and Qatar cannot be overlooked.

Reasons for the emerging relations between Turkey and Saudi Arabia:

What helped to improve relations between the two countries is the common history between them and the old friendly relations at the diplomatic level, for example in 1929 the friendship agreement was signed.

The relationship between them has become very close thanks to the many exchanged visits between the officials of the two countries, and since then the relations have begun to witness a great growth.

Reasons for Saudi investors heading to Turkey:

In your opinion, why did Saudi investors choose Turkey to invest in its various sectors?

In fact, when we talk about the investment field in Turkey, we are not referring to few or limited reasons, but rather there are many incentives that encourage the foreigner to choose it.

Through the following paragraph, you can see all the information you want to know about the reasons why you should invest your money in Turkey:

The opportunity to get Turkish citizenship:

One of the main reasons that support any foreigner to invest in Turkey, especially in the real estate field, is the great desire to get Turkish citizenship, this is done when the price of the property is not less than 400 thousand US dollars, and also the commitment must be made not to sell the property before three years from the date of its purchase.

Turkish citizenship is considered one of the most important nationalities in the world and that is a natural result of the privileges that can be obtained through it.

There are no other conditions that the real estate must meet except that it is intended for housing and not be located in a security or military area.

Getting abundant and rewarding return:

The investor can get a large profit and return through investment in Turkey for several reasons, the most important of which are:

-The high population density in Turkey.

- The foreign influx, which increased the demand for real estate and all other fields.

-The dense tourist seasons that Turkey is constantly witnessing, which increases the demand for various fields and real estate.

-Real estate prices in Turkey are constantly rising.

-High costs of building materials.

- The change in the value of the Turkish lira against foreign currencies (it was an opportunity for many to make benefits and profits).

Of course, there are many other reasons that push the foreign investor to go to Turkey, which are as follows:

- The strategic location of the Turkish state, which is in the middle of the world and close to the Arab world.

-The charming nature of Turkey and the many historical and tourist attractions.

- The stability that Turkey is witnessing at all levels, in contrast to the Arab countries and the countries of the Middle East, that is impossible under the current circumstances that they are witnessing to be a suitable environment for investment.

- The many facilities provided by the Turkish government, such as tax cuts and other easy procedures for conducting official transactions, cannot be overlooked.

- Turkey is a suitable option with the difficulties imposed by the governments of European countries, with which it is difficult to establish any investment.

In order to find out more information about the Turkish reality, you can follow our website constantly to see many details and information that are important to you.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.

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