Invest News DetailAA - Türkiye and Saudi Arabia have set up a joint venture, said a Turkish parliamentarian on Wednesday. Ali Bayramoglu, a Turkish lawmaker and also the chairman of the Turkish-Saudi Arabian Business Council, said Türkiye and Saudi Arabia have established a joint venture worth USD 1 million. "The joint venture will be a very important center to boost bilateral relations", said Bayramoglu during a meeting of the council in Istanbul. Bayramoglu stated that the joint venture will provide advice and guidance for Turkish businessmen who are willing to invest in Saudi Arabia and vice versa.