Istanbul, (IINA) : Saudi Aramco has signed a number of memoranda of understandings (MoUs) with leading Turkish companies to further strengthen commercial and investment relations between Saudi Arabia and Turkey on Tuesday in Istanbul, Anadolu Agency reported.

Speaking at the signing ceremony, Turkish Minister of Energy and Natural Resources Berat Albayrak said these MoUs will strengthen bilateral relations between Turkey and Saudi Arabia. “The two countries are major players in the region and we will continue to contribute to the stability of the region and the world,” Albayrak said.

The signed MoUs will enable Turkish companies to bid for Saudi Aramco projects. Turkish companies already play a role in a diverse range of business activities including power generation, airport construction, and management, petroleum and roadways and some of the companies have an existing track record of investment in Saudi projects.