Saudi Crown Prince Mohammed bin Salman will travel to Turkey soon, the country’s president said. Saudi Royal Palace / AFP
Saudi Crown Prince Mohammed bin Salman will travel to Turkey soon, the country’s president said. Saudi Royal Palace / AFP
Saudi Crown Prince Mohammed bin Salman will travel to Turkey soon, the country’s president said. Saudi Royal Palace / AFP
Saudi Crown Prince Mohammed bin Salman will travel to Turkey soon, the country’s president said. Saudi Royal Palace / AFP

Saudi Arabia's Crown Prince Mohammed bin Salman to travel to Turkey


Andrew Wilks
  • English
  • Arabic

Saudi Arabia’s Crown Prince Mohammed bin Salman will visit Turkey next week, the Turkish president said in a further sign of bridge-building between the one-time regional rivals.

President Recep Tayyip Erdogan announced the prince’s official visit following Friday prayers in Istanbul and said improvements to Turkish-Saudi relations would be discussed at a “much higher degree”.

He said he would host Saudi Arabia’s crown prince at the presidential palace in Ankara on Wednesday. A delegation has already arrived in Turkey to make preparations for the official visit, Mr Erdogan added.

“We will hold bilateral and inter-delegation meetings [at the palace]. I hope relations between Turkey and Saudi Arabia will be very good for the coming period.”

The visit follows Mr Erdogan’s trip to the Gulf kingdom in late April, his first in five years, during which he had a meeting with Prince Mohammed as well as with King Salman.

  • Turkish President Recep Tayyip Erdogan performs the Umrah pilgrimage in the holy city of Makkah. All photos: AFP
    Turkish President Recep Tayyip Erdogan performs the Umrah pilgrimage in the holy city of Makkah. All photos: AFP
  • He was received at the Grand Mosque by officials in the Saudi city.
    He was received at the Grand Mosque by officials in the Saudi city.
  • Mr Erdogan is making his first trip to the kingdom in five years as he seeks to restore ties between Turkey and Saudi Arabia.
    Mr Erdogan is making his first trip to the kingdom in five years as he seeks to restore ties between Turkey and Saudi Arabia.
  • His visit comes as the Muslim world prepares to celebrate Eid Al Fitr at the end of the holy month of Ramadan.
    His visit comes as the Muslim world prepares to celebrate Eid Al Fitr at the end of the holy month of Ramadan.
  • The Turkish president met King Salman and Crown Prince Mohammed bin Salman after arriving in Jeddah.
    The Turkish president met King Salman and Crown Prince Mohammed bin Salman after arriving in Jeddah.
  • He held private meetings with King Salman and the crown prince before attending an official banquet.
    He held private meetings with King Salman and the crown prince before attending an official banquet.
  • Mr Erdogan performs the Umrah pilgrimage.
    Mr Erdogan performs the Umrah pilgrimage.

The path to improved ties was laid out in the run-up to Mr Erdogan’s visit, when a Turkish court abandoned the trial in absentia of 26 Saudis accused of involvement in the 2018 murder of dissident Saudi journalist Jamal Khashoggi.

The writer for The Washington Post was killed at the Saudi consulate in Istanbul in a case that led to worldwide outrage. The prince has denied any involvement although he has said he was ultimately responsible and vowed to reform the security agencies in response.

Following the killing, Mr Erdogan said the order to kill Khashoggi came from “the highest levels of the Saudi government”, but Ankara has softened its tone significantly in recent months as it has moved to repair ties with Riyadh.

It has also reached out to other Arab states, including Egypt, where relations were damaged due to Ankara's support for the Muslim Brotherhood, and the UAE, where ties suffered due to Turkey's opposition to the Gulf country's position in the four-year rift with Qatar.

  • Saudi King Salman walks with Turkish President Recep Tayyip Erdogan at Al Salam Palace in Jeddah, Saudi Arabia. All photos: SPA
    Saudi King Salman walks with Turkish President Recep Tayyip Erdogan at Al Salam Palace in Jeddah, Saudi Arabia. All photos: SPA
  • King Salman welcomes Mr Erdogan to Al Salam Palace.
    King Salman welcomes Mr Erdogan to Al Salam Palace.
  • King Salman welcomed Mr Erdogan and a high-level delegation to the palace in Jeddah.
    King Salman welcomed Mr Erdogan and a high-level delegation to the palace in Jeddah.
  • King Salman held a welcome ceremony and iftar for Mr Erdogan and his delegation.
    King Salman held a welcome ceremony and iftar for Mr Erdogan and his delegation.
  • King Salman and Mr Erdogan at Al Salam Palace.
    King Salman and Mr Erdogan at Al Salam Palace.
  • Mr Erdogan thanked King Salman for his welcome as he looked to strengthen ties between his country and the kingdom.
    Mr Erdogan thanked King Salman for his welcome as he looked to strengthen ties between his country and the kingdom.
  • King Salman welcomes Mr Erdogan to Jeddah on the start of his two-day visit.
    King Salman welcomes Mr Erdogan to Jeddah on the start of his two-day visit.
  • King Salman and Mr Erdogan share coffee as they speak at Al Salam Palace.
    King Salman and Mr Erdogan share coffee as they speak at Al Salam Palace.
  • King Salman in discussion with Mr Erdogan.
    King Salman in discussion with Mr Erdogan.
  • Mr Erdogan expressed his happiness to visit Saudi Arabia and to meet King Salman and Crown Prince Mohammed bin Salman.
    Mr Erdogan expressed his happiness to visit Saudi Arabia and to meet King Salman and Crown Prince Mohammed bin Salman.
  • Saudi Crown Prince Mohammed bin Salman at Al Salam Palace.
    Saudi Crown Prince Mohammed bin Salman at Al Salam Palace.
  • Crown Prince Mohammed bin Salman welcomes Mr Erdogan at the Jeddah palace.
    Crown Prince Mohammed bin Salman welcomes Mr Erdogan at the Jeddah palace.
  • Dignitaries at the reception for Mr Erdogan included leading members of the Saudi royal family.
    Dignitaries at the reception for Mr Erdogan included leading members of the Saudi royal family.

That obstacle to a reconciliation was removed early last year with the AlUla summit in which the leaders of the Gulf states and Qatar resolved their disagreements.

Improved ties with Riyadh have already led to the end of an unofficial Saudi boycott of Turkish goods that cut Ankara’s exports to the kingdom by 90 per cent.

Efforts to warm diplomatic relations have come as Turkey faces its worst economic crisis during Mr Erdogan’s 20-year rule.

Inflation has leapt above 70 per cent and the lira has shed more than a fifth of its value against the US dollar this year, having lost 44 per cent in 2021.

The economy is expected to be a major factor in presidential and parliamentary elections due in the next 12 months.

Analysts say Turkey will expect Saudi Arabia to undertake investment and financial backing to ease its economic troubles. As ties improved with the UAE, Abu Dhabi announced a $10 billion investment support fund and a $4.9bn currency swap at the end of last year.

Turkish companies would also relish better access to the huge Saudi market while an increase in Saudi tourists would also boost the flagging economy.

Prince Mohammed is also expected to travel to Cyprus, Greece, Jordan and Egypt.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

'Brazen'

Director: Monika Mitchell

Starring: Alyssa Milano, Sam Page, Colleen Wheeler

Rating: 3/5

Scoreline

Switzerland 5

Updated: June 17, 2022, 6:00 PM