• About us
  • Contact Us
Thursday, March 12, 2026
No Result
View All Result
The World Monitor
  • The World Monitor
  • Middle East
  • Africa
  • World
  • Economy
  • Sports
  • Climate
  • Technology
  • Crypto
  • The World Monitor
  • Middle East
  • Africa
  • World
  • Economy
  • Sports
  • Climate
  • Technology
  • Crypto
No Result
View All Result
The World Monitor
No Result
View All Result
Home Middle East

Saudi Arabia & Turkey Sign Energy & Defense Agreements

July 18, 2023
Saudi Arabia & Turkey Sign Energy & Defense Agreements
Share on FacebookShare on TwitterShare on Whatsapp

On Tuesday, Saudi Arabia announced the signing of several agreements in the fields of defense, energy, and investment.

Among them is an acquisition contract with the Turkish company “Baykar” related to the “localization of drone production in the Kingdom.”

Saudi Defense Minister Khalid bin Salman confirmed in a Twitter post that he signed the “executive plan for defense cooperation” with Turkish Defense Minister Hulusi Akar.

He stated that this plan is a culmination of the collaborative efforts between the two friendly countries in the defense and military domains.

The Saudi Ministry of Defense stated that Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan “witnessed the signing ceremony of several bilateral agreements between the two countries.”

These agreements include the executive plan for cooperation in the fields of capabilities, defense industries, research, and development, as well as an acquisition contract between the defense ministry and the Turkish company Baykar.

The official news channel reported the defense minister’s remarks, stating that “the Ministry of Defense signed acquisition contracts with Baykar, a Turkish defense industry company, through which the Ministry of Defense acquires drones. The aim is to enhance the readiness of the armed forces and strengthen the Kingdom’s defense and manufacturing capabilities.”

In a related context, the Saudi Press Agency reported on Tuesday that Saudi Arabia and Turkey have signed a number of memoranda of understanding in various fields, including energy, investment, and defense.

Turkish President Recep Tayyip Erdogan arrived in Saudi Arabia on Monday at the start of a Gulf tour aimed at attracting investments and financing to alleviate budget pressures, reduce chronic inflation, and overcome currency weakness. The Turkish president is scheduled to conclude his Gulf tour, which includes Qatar and the United Arab Emirates, on July 19, according to Reuters.

Tags: Saudi ArabiaTurkey
Next Post
Tunisia Allocates Financial Resources to Secure Grain Needs

Tunisia Allocates Financial Resources to Secure Grain Needs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Algeria & Morocco Reach Resolution on Property Dispute

Algeria & Morocco Reach Resolution on Property Dispute

2 years ago
Guterres Condemns Israel's Ambulance Strike in Gaza

472 Israeli Soldiers Killed in Gaza

2 years ago

Popular News

  • Egypt Targets 30% Reduction in Electricity Fuel

    Egypt Targets 30% Reduction in Electricity Fuel

  • Israeli Forces Strike Southern Beirut Suburb

  • “Schneider Electric” Calls for Accelerated Decarbonization at COP28

  • Netherlands Accused of War Crimes Complicity with Israel

  • Court Revokes Elon Musk’s $56 Billion Tesla Pay Deal

Follow us

"Connecting the World to the Heartbeat of Middle East and Africa – Your Trusted Source for News and Insights."

  • The World Monitor
  • Middle East
  • Africa
  • World
  • Economy
  • Sports
  • Climate
  • Technology
  • Crypto

ABOUT US

CONTACT US

Privacy Policy

  • About us
  • Contact Us

© 2023 THE WORLD MONITOR

No Result
View All Result
  • Home
  • Africa
  • World
  • Economy
  • Climate
  • Sports
  • Crypto
  • Technology

© 2023 THE WORLD MONITOR