Newsletters
A new trade potential between Türkiye and Saudi Arabia was discussed Friday at the Türkiye–Saudi Arabia Business Forum, held in Istanbul as part of the 11th World Halal Summit.
The forum, organized by the Foreign Economic Relations Board (DEIK), addressed sectors and proposals aimed at increasing trade volume between the two countries.
The four-day World Halal Summit and Halal Expo began Wednesday in Istanbul under the auspices of the Turkish presidency, with the participation of the Organization of Islamic Cooperation (OIC), the Turkish Trade Ministry, the Halal Accreditation Agency and other institutions.
The 11th edition of the Summit runs from Nov. 26 to 29, with Anadolu Agency serving as the global communications partner.
Sector representatives gathered under the theme “Strengthening Halal Industry via Innovation and Excellence.”
The Türkiye–Saudi Arabia Business Forum brought together leading representatives of the two countries’ business communities.
Discussions focused on new business areas, sectoral opportunities and investment potential that could boost bilateral trade.
Participants also examined investment opportunities in strategic sectors, steps to increase trade volume and long-term economic cooperation models.
Growth in the global halal market and the two countries’ shared competitiveness were among the main topics.
Bilateral business meetings (B2B) provided an important platform for Turkish and Saudi companies to develop new partnerships and explore concrete project opportunities.
In a video message to the summit, Vice President Cevdet Yilmaz said Türkiye is among the countries shaping the future of halal trade through its strong industrial infrastructure, qualified human resources and extensive experience.
He said growing global interest in halal goods and services reflects the economic and social viability of production in line with Islamic guidelines.
Yilmaz noted that the halal economy has exceeded $7 trillion and now meets both Muslim and global consumer expectations.
Yilmaz said the halal economy has become a strategic field that strengthens production quality, trust in trade and cooperation among Islamic countries.
He recalled that Türkiye played a leading role in establishing the Islamic Forum of Halal Accreditation Bodies, the institution responsible for multilateral recognition of halal certificates based on OIC/SMIIC standards.
He also said that hosting the summit and forum for 11 consecutive years under the auspices of the Turkish presidency reflects the importance Türkiye places on the halal economy and its leadership in shaping the regional and global halal ecosystem.
Yilmaz emphasized that both events bring together companies from sectors including food, cosmetics, textiles, organic products, tourism and health care, offering new trade, investment and cooperation opportunities across the halal industry.
2 min read
