Istanbul, 12 November 2022 (TDI): The Vice Foreign Minister and the Ambassador of the Kingdom of Saudi Arabia (KSA) to Turkiye, Waleed A. Elkhereiji participated in the 13th Bosphorus Summit on Friday.
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The Vice Foreign Minister is participating on behalf of the Kingdom’s Foreign Minister, Faisal Bin Farhan. The participation shows the seriousness of the Kingdom towards the economic and political crisis faced by the world.
It is to be noted that the 13th International Bosphorus Summit is a two-day event organized by the International Cooperation Platform (ICP). This year the theme is “Great Transformation: Driving Forces of Global Change.”
The agenda of the summit is to discuss various topics, including economy, culture and arts, technology, energy, agriculture, and food security. Discussion about investment opportunities is at the heart of the event.
While addressing the summit, Waleed A. Elkhereiji appreciated the role of Saudi Arabia as an influential and effective force in the global economy.
Elkhereiji highlighted the long history of humanitarian and relief work of the Kingdom which made it ranked 3rd internationally in terms of the volume of aid in 2021.
“More than 95 billion dollars have been allocated to almost 160 countries around the world over the past few decades, to meet humanitarian needs without discrimination,” he added.
Referring to the challenges faced by the world after Corona pandemic, he said “We must combine our collective efforts to confront challenges together, as the crisis has affected global trade supplies irreparably”.
He concluded his address by thanking the government of Turkiye for hosting the summit while wishing them success in achieving the goals of a stable global economy.
It is pertinent to mention here that the Deputy Minister of Foreign Affairs and Director for European Union (EU) Affairs, Ambassador Faruk Kaymakcı also attended the summit.
What is Bosphorus Summit?
International Bosphorus Summit was convened under the International Cooperation Platform (ICP) in Turkiye.
The purpose of the summit is to bring together regional investors, entrepreneurs, and politicians to contribute to the development of the regional economy and trade diplomacy, especially in Turkiye.
The first summit was organized in 2010 with the main theme of “Future of International Relations and Regional Cooperation Opportunities”. Almost 963 participants from seventeen countries attended it.