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On Monday, the Turkish President, Tayyip Erdogan, engaged in a significant diplomatic encounter as he met with the Saudi Crown Prince, Mohammed bin Salman, at the prestigious Al-Salam palace in Jeddah. This visit holds particular significance as it took place within two months of Erdogan's re-election in May. Furthermore, it serves as the inaugural leg of a comprehensive three-day Gulf tour, encompassing visits to Qatar and the United Arab Emirates.

The primary objective behind Erdogan's visit to Saudi Arabia revolves around Turkey's optimistic expectations for future investments in the country. Ankara aims to alleviate the strains on its budget, mitigate chronic inflation, and address the challenges posed by a weakening currency. Over the past few years, investments and financial assistance from the Gulf region have played a crucial role in alleviating economic pressures and fortifying Turkey's foreign currency reserves.

The turning point came in 2021 when Ankara embarked on a diplomatic initiative to mend relations with Saudi Arabia and the United Arab Emirates. Since then, investments and funding from the Gulf have proven instrumental in relieving pressure on Turkey's economy and bolstering its hard currency reserves.

Through this strategic Gulf tour, President Erdogan seeks to strengthen ties with key Gulf nations while also fostering opportunities for increased investments. By doing so, Turkey aims to enhance its economic stability and foster growth, demonstrating the proactive and calculated approach taken by Ankara in navigating international relations.
#erdoğan #saudiarabia #mbs #türkiye


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