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Turkey, Saudi Arabia ink critical mineral cooperation deal

Green energy investments will have an important share in cooperation between Turkey and Saudi Arabia, said the Turkish energy minister.
ADEM ALTAN/AFP via Getty Images

ANKARA — Turkey and Saudi Arabia signed a memorandum of understanding to advance the two countries' cooperation in mining, Turkey’s Energy Minister Alparslan Bayraktar announced Monday.

Bayraktar said the deal is particularly aiming to advance cooperation between Turkey and Saudi Arabia on mining of critical minerals. “One of the most important components of this memorandum involves cooperation on critical mines that are required in new technologies such as electric vehicles or solar solar panel technologies,” he told Turkey’s public broadcaster, adding that the scope of the deal involves mining of critical minerals in Turkey and Saudi Arabia as well as third countries. 

The memorandum was signed on the sidelines of Saudi Arabia's Industry and Mineral Resources Minister Bandar Ibrahim Alkhorayef’s visit to Turkey. Alkhorayef also met with Turkey’s Trade Minister Omer Bolat and other high-level officials during his visit on Monday.

In a tweet after the meeting, Bayraktar said the deal paved the way for wide-scale cooperation between the two countries, particularly in mining.

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