Saudi Arabia to place $5 billion deposit with Turkey 'within days': Saudi finance minister
Saudi finance minister Mohammed al-Jadaan said that the Kingdom would imminently invest $5 billion with the Turkish central bank.
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Saudi will invest $5 billion with Turkey, according to the kingdom's finance minister Mohammed al-Jadaan [MADE NAGI/POOL/AFP via Getty Images]
Saudi Arabia will place a $5 billion deposit at Turkey's central bank "within days," the kingdom's finance minister, Mohammed al-Jadaan, said on Wednesday.
"It will happen soon. The decision was taken between us and Turkey," he told reporters, saying discussions were on remaining details and the deposit could happen "within days."
"There is great improvement in our relationship with Turkey and we aspire for investment opportunities in Turkey and other countries," he said.
A Saudi finance ministry spokesman told Reuters on 22 November that the two states were in "final discussion" on the deposit.
The momentum of talks between the countries' central banks comes after Ankara and Riyadh's joint effort to mend ties that were ruptured after Saudi authorities allegedly murdered Saudi journalist Jamal Khashoggi in 2018 at the kingdom's Istanbul consulate.
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