Al-Monitor

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 Recep Tayyip Erdogan speaks to Saudi businessmen during his visit to Riyadh's Chamber of Commerce, Jan. 19, 2010.REUTERS/Fahad Shadeed

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 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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