The Saudi Agreement: What It Is, Why It Matters, and What It Means for the Future

In October 2018, Saudi Arabia entered into an historic agreement with Turkey to establish the “Joint Strategic Plan of Action” between the two countries. This agreement was designed to deepen bilateral cooperation on a range of issues, from trade and investment to defense and security.

So what exactly is the Saudi Agreement, why does it matter, and what does it mean for the future? Let`s take a closer look.

What is the Saudi Agreement?

The Saudi Agreement, or the “Joint Strategic Plan of Action,” is a comprehensive agreement between Saudi Arabia and Turkey that aims to deepen cooperation between the two countries on a range of issues. The agreement was signed in October 2018 by Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan.

The agreement covers a wide range of areas, including trade and investment, energy, defense and security, culture, and tourism. It also includes provisions for joint projects and initiatives, such as the establishment of a joint investment fund and the development of a joint industrial zone.

Why does it matter?

The Saudi Agreement is significant for a number of reasons. First and foremost, it represents a major step forward in the relationship between Saudi Arabia and Turkey. The two countries have had a somewhat strained relationship in the past, particularly with regard to their differing stances on regional issues such as the Syrian conflict. The agreement is a sign that both sides are willing to put their differences aside and work together for their mutual benefit.

Secondly, the agreement has the potential to be hugely beneficial for both countries. Saudi Arabia is the largest economy in the Middle East and has significant resources in the form of oil and gas. Turkey, on the other hand, is strategically located at the crossroads of Europe and Asia and has a large and growing economy of its own. By working together, the two countries can leverage each other`s strengths to drive economic growth and development.

Finally, the Saudi Agreement has broader implications for the region as a whole. The Middle East is currently undergoing significant political and economic change, and the Saudi-Turkish partnership could be a model for other countries in the region to follow.

What does it mean for the future?

Looking forward, the Saudi Agreement has the potential to be a game-changer for the Middle East. If Saudi Arabia and Turkey are able to successfully implement the provisions of the agreement, it could lead to significant improvements in regional security and stability, as well as increased economic growth and cooperation.

However, there are also challenges and risks that must be addressed. For example, the ongoing tensions between Saudi Arabia and Iran could complicate the implementation of the agreement, particularly with regard to regional security issues. Similarly, there are concerns about Turkey`s increasingly authoritarian government and its impact on democratic values and human rights in the region.

Overall, the Saudi Agreement represents an important step forward for the Middle East. As the region continues to undergo significant change, it will be essential for countries to work together to address shared challenges and promote mutual prosperity. The Saudi-Turkish partnership is a promising start, but there is still much work to be done to ensure its success in the years to come.