"This agreement means supporting Turkey's economic and social growth and sustainable development," the statement said.
AL-KHATEEB AND KAVCIOĞLU SIGNED
In the statement of the Saudi Arabian Development Fund, it was stated that an important decision was taken to strengthen the ties between Turkey and Saudi Arabia with the decision of King Salman bin Abdulaziz Al-Saud of Saudi Arabia and Crown Prince Mohammed bin Salman Al-Saud.
In the statement, it was reported that an agreement was signed between the Minister of Tourism of Saudi Arabia and Chairman of the Board of Directors of the Saudi Arabian Development Fund, Ahmed Al Khateeb, and the Chairman of the Central Bank of the Republic of Turkey Şahap Kavcıoğlu, to deposit 5 billion dollars in deposits with the CBRT.
“IT AIMS TO SUPPORT TURKEY”
This deposit agreement, realized through the Saudi Arabian Development Fund, is not only proof of the close cooperation and historical ties between the Kingdom of Saudi Arabia and the Republic of Turkey and its peoples.
It was also stated that the Kingdom of Saudi Arabia is an indication of its commitment to support Turkey's empowerment efforts.
"In other words, this agreement means supporting Turkey's economic and social growth and sustainable development. Thanks to this deposit, it is aimed to contribute to the solution of economic problems in various sectors. With this agreement, the Kingdom of Saudi Arabia expresses its strong support to the Turkish people and its confidence in the future of the Turkish economy," the statement added.