Turkish firms to gain from royal order

Crown Prince Mohammed bin Naif
Crown Prince Mohammed bin Naif

Crown Prince Mohammed bin Naif

Crown Prince Mohammed bin Naif, deputy premier and minister of interior, has issued directives to governors of various regions to encourage Turkish companies to increase their role in the Saudi market.

His move follows the agreement between Saudi Arabia and Turkey to activate a Strategic Cooperation Council to coordinate and develop relations in terms of economic, political, defense, security, education and health issues.

The crown prince told the governors to comply with instructions issued by Ibrahim Al-Assaf, finance minister, regarding approvals of large Turkish companies, including Kolin, local media reported.

As per the directives of the crown prince, work with these companies must be in line with controls and regulations issued by the Council of Ministers on 22/10/1435 A.H.

Kolin is one of the largest Turkish companies that will enter the Saudi market, and has worked in the construction industry for more than 39 years, executing different housing, contracting, energy, tourism, transportation, mining, industrial and agricultural projects in various countries.

The company also has activities in the military and defense sectors, as well as achievements in constructing buildings that resist explosives.

Several of its projects had been implemented for the Turkish prime minister, Ministry of Defense and air bases, besides NATO infrastructure and the US Department of Defense.

The Turkish companies that will enter the Kingdom will focus on major projects in sectors related to highways, construction, railways, ports, rural development, land reform, dams and bridges.


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