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Turkey groans under economic pressure from Saudis

Once Turkey's biggest foreign buyers of real estate, Saudis are increasingly boycotting the country as the kingdom's chamber of commerce warns citizens away.
Turkey's Prime Minister Tayyip Erdogan speaks to Saudi businessmen during his visit to Riyadh's Chamber of Commerce January 19, 2010. REUTERS/Fahad Shadeed (SAUDI ARABIA - Tags: POLITICS BUSINESS) - GM1E61J1QCU01

Tensions between Turkey and the Kingdom of Saudi Arabia are spilling over into the economic realm with the Riyadh Chamber of Commerce and Industry warning Saudis against investing in Turkey.

Chairman Ajlan Al-Ajlan took to Twitter to air warnings about the hazards of doing business in Turkey. He said his organization had received multiple complaints from Saudi investors who said their assets were under threat and that the Turkish authorities were not doing enough to protect them, the Saudi Gazette reported Sunday.

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