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Mon 23 Feb 2015 01:35 PM

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Turkey set to give Saudi investors citizenship

Idea follows agreement in 2013 that would see Turkey and Saudi Arabia increase bilateral trade to $20bn within five years.

Turkey set to give Saudi investors citizenship

Turkey was planning to offer citizenship to Saudi investors, the country’s deputy prime minister Ali Babacan, Saudi Gazette has reported.

Ali Babacan did not detail what level of investment would need to be made to qualify.

Other countries also offer citizenship to foreigners who plough millions of dollars into their economies, usually in the form of real estate or business.

In 2013, Turkey and Saudi Arabia, two of the most populous nations in the region, signed an agreement to increase bilateral trade to $20 billion within five years.