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Saudi Arabia announced the placement of a field in Turkey for $5 billion.

Saudi Arabia has announced that it will place a $5 billion deposit with Turkey’s Central Bank within days.

During a press conference following the announcement of the Saudi budget, Saudi Finance Minister Muhammad al-Jadaan stated that discussions on the issue with the Turkish side were ongoing and that it “could be resolved soon.”

Asked about the financial deposit in Saudi Arabia, he added: “The decision was made between us and Turkey.”

Al-Jadaan said that relations between his country and Turkey are good and efforts are being made to develop them.

Al-Jadaan said that the Kingdom is “part of the world and the region and has interests in it”, referring to the renewal of deposits for Pakistan, Egypt and Turkey, as well as investments from the State Investment Fund in many countries.

The Saudi minister said that Saudi deposits in Egypt were valued at $10.3 billion, adding that the kingdom had begun to actively invest in the country and that the Royal Public Investment Fund would continue to implement a number of projects in Egypt.

Source: RT

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