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Saudi Arabia Issues New Warning to Citizens over Investing in Turkey

Saudi Arabia Issues New Warning to Citizens over Investing in Turkey

Tuesday, 14 January, 2020 - 07:00
A view of Istanbul's skyline with the Suleymaniyah Mosque in the background. (AP)
Asharq Al-Awsat

Saudi Arabia issued on Monday a new warning to its citizens against making investments in Turkey.

The Kingdom’s embassy in Ankara called on potential Saudi investors to completely study relevant laws and regulations in the country before carrying out any investment.

It urged them against falling for “untrusted marketing ploys that could leave them victim to fraud and scammers.”

Furthermore, it called on Saudis who are facing problems with property owners to first contact the embassy or Saudi consulate in Istanbul that will inform them of the necessary legal proceedings.

The missions will also help them determine the credibility of the companies the investors are working with and provide them with legal consul from trusted offices.

Saudi Arabia had previously issued numerous warnings to its citizens in Turkey, urging them to be alert of robberies. It cited incidents in which Saudis had fallen victim to theft and mugging.

The Kingdom had urged them to keep their passports and valuable possessions in safe locations and to contact the diplomatic missions in case of emergencies.

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