Türkiye expands $300b infrastructure strategy into Saudi Arabia’s Vision 2030

 

Saudi Arabia invites Turkiye to take part in projects under Vision 2030

Türkiye is extending its ambitious $300 billion infrastructure investment strategy into new regional partnerships, with Saudi Arabia inviting Turkish companies to take part in large-scale projects under the Kingdom's Vision 2030 development plan.

This renewed focus on collaboration was underscored at the Global Transport Corridors Forum in Istanbul on June 28, where both nations emphasized their shared goals in transport, logistics, and strategic infrastructure planning.

Türkiye’s Infrastructure Drive Meets Regional Goals

At the forum, Türkiye’s Minister of Trade, Omer Bolat, highlighted that the country has invested around $300 billion in transport and infrastructure projects since President Recep Tayyip Erdogan’s tenure began, primarily through public-private partnerships. Bolat noted that these investments were pivotal in boosting Türkiye’s GDP from $238 billion to $1.4 trillion and raising per capita income from $3,600 to $16,000 by Q1 2025.

 

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“Transport, production, and trade are fundamentally interconnected,” Bolat said, stressing that logistics and transportation are the backbone of global trade. He also pointed out Türkiye’s strategic position as a key hub connecting Europe, Asia, the Middle East, and Central Asia through its expanded land, sea, rail, and air networks.

Strategic Transport Corridors

Bolat also discussed the strategic importance of both natural and man-made transport corridors such as the Strait of Malacca, the Suez Canal, the Bab-el-Mandeb Strait, and the Turkish Straits. He cautioned that disruptions in these corridors could have far-reaching consequences on the global economy, citing the recent disruptions in the Black Sea grain corridor and the Suez Canal.

He also highlighted the Istanbul Canal project as a critical asset to regional trade, noting Türkiye’s 1,500-kilometer Black Sea coastline and its strategic role in global commerce.

Planning for the Future

Minister of Transport and Infrastructure, Abdulkadir Uraloglu, emphasized the importance of planning not just for regular times but also for emergencies such as natural disasters or geopolitical crises. “Ten years may seem short in the life of a country, and we must use this time wisely,” Uraloglu stated.

He also acknowledged the substantial participation of Saudi Arabia’s delegation, which was the largest foreign group at the forum, and noted that discussions centered on transport, urban development, and long-term planning.

 

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Saudi Arabia Invites Turkish Firms to Join Vision 2030 Projects

Saudi Arabia’s Minister of Transport and Logistics Services, Saleh Al-Jasser, outlined the country’s ambitious Vision 2030 plans, which include major investments in transport and logistics infrastructure. He emphasized Saudi Arabia’s desire to collaborate with Türkiye, citing their geographic proximity and successful history of partnership.

“Saudi Arabia is keen to invite international investment into these sectors, and Turkish companies have already made significant contributions to our infrastructure through public-private partnerships,” Al-Jasser said. “This forum is a chance to open new doors for future collaboration.”

Following the discussions, a bilateral roadshow took place to explore tangible opportunities for joint ventures in transport, infrastructure, and urban development between the two nations.

Source: www.turkiyetoday.com