![Turkish President Recep Tayyip Erdogan (L) meets King of Saudi Arabia Salman Bin Abdulaziz (R) in Riyadh, Saudi Arabia on 14 February 2017. [Kayhan Özer/Anadolu Agency]](https://i0.wp.com/d2.middleeastmonitor.com/wp-content/uploads/2017/02/Erdogan_Saudi_King-3-e1487103359906.jpg?fit=920%2C645&ssl=1)
As many as 940 Saudi companies have invested $6 billion in Turkey, an official said yesterday.
A representative of the Investment Support and Promotion Agency of Turkey (ISPAT) in Saudi Arabia, Mustafa Kirksour told the Anadolu Agency that the investments amounted to $6 billion.
Turkish President Recep Tayyip Erdogan began a three-day tour of the Gulf on Sunday accompanied by a large delegation of businessmen to strengthen the growing relations between the two sides on the political and economic levels.
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His tour includes visits to Bahrain, Saudi Arabia and Qatar. In the last 10 years, Turkey’s exports to these three countries totalled $33 billion.
Kirksour noted that the decline in the Turkish lira has encouraged the Saudis to invest more in the country.