Istanbul- President Recep Tayyip Erdogan of Turkey inaugurated on Tuesday the seventh Bosphorus summit under the theme “An International Goal an International Future.”
Official delegates from 70 countries including heads of state, prime ministers, senior officials and businessmen participated in the 3-day summit along with the Kingdom of Saudi Arabia, which was invited as a guest of honor.
The Kingdom’s delegation to the event was led by Majid bin Abdullah al-Qasabi, Minister of Commerce and Investment.
Addressing the gathering, Dr. al-Qasabi said that the Kingdom is planning to occupy an advanced economic rank by the year 2030 despite the world economic recess, citing the key economic reforms projected by the Saudi economy over the coming few years.
He shed light on the Kingdom’s plan to launch a number of non-oil economic reforms, including promising economic sectors and government services, thanking organizers of the event for choosing the Kingdom to be its guest of honor.
The economic summit is scheduled to discuss, among other issues, Saudi Arabia’s vision 2030 and Turkey vision 2023.