ISTANBUL

Türkiye’s main e-commerce platform Trendyol has signed a cooperation settlement with Saudi Arabian retail firm Fawaz Alhokair Group.

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Treasury and Finance Minister Nureddin Nebati, Presidential Funding Workplace head Burak Dağlıoğlu, Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan, Saudi Funding Minister Khalid Al-Falih, Trendyol Group President Çağlayan Çetin and Fawaz Alhokair Group CEO Mohamad Mourad attended the signing ceremony held on the sideline of the sixth Future Funding Initiative (FII).

Nebati and a Turkish delegation have been in Riyadh to attend the sixth version of the FII held between Oct. 25 and 27.
Underneath the settlement, Trendyol will provide merchandise manufactured in Türkiye to prospects in Saudi Arabia and discover alternatives to develop within the Saudi market, together with opening bodily shops there.

Çetin thanked Nebati and his Saudi counterpart for his or her assist in serving to forge the cooperation between the 2 corporations. “Initially, merchandise manufactured in some 600 factories in Türkiye shall be exported to Saudi Arabia through e-commerce. This deal will assist Turkish producers and sellers have entry to the Saudi market,” he stated.

For his half, Nebati stated that Türkiye is a crucial nation within the world provide chain with its sturdy and versatile manufacturing infrastructure, expert labor pressure and aggressive R&D and expertise ecosystem.

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“These options provide necessary alternatives to develop cooperation within the area,” he added. Worldwide buyers, who belief Turkish tech entrepreneurs, assist Turkish corporations to open to the world markets, Dağlıoğlu stated.