Business | Stock Markets | Investing | Economy | Tech | Crypto | India | World | News at Moneynomical

Saudi Arabia agrees to purchase Turkish Drones during Erdogan’s visit


Saudi Arabia has agreed to purchase Turkish drones as part of a series of lucrative contracts secured by President Recep Tayyip Erdogan during his visit to the kingdom.

The signing ceremony, attended by Erdogan and Saudi Crown Prince Mohammed bin Salman, witnessed the agreement between Turkish defense firm Baykar and the Saudi defense ministry.

The acquisition aims to bolster the kingdom’s armed forces and enhance its defense and manufacturing capabilities, according to Saudi Arabia’s Defense Minister, Prince Khalid bin Salman Al Saud.

The agreements reflect Erdogan’s diplomatic efforts to repair ties with Gulf Arab powers and provide a significant boost to Turkey’s struggling economy.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More