KSA welcomes Erdogan's success against coup attempt

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This picture taken on July 16, 2016 shows a tank stuck on a median strip as Turkish police officers walk around it after they took over a military position at the Anatolian side at Uskudar in Istanbul. (AFP / BULENT KILIC)
Updated 16 July 2016
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KSA welcomes Erdogan's success against coup attempt

JEDDAH: Saudi Arabia on Saturday welcomed the restoration of normalcy to Turkey after a failed coup attempt the night before.
Saudi Foreign Minister Adel Al-Jubeir said Saudi Arabia “welcomes the restoration of peace and security in Turkey and the return of the legitimately elected government of President Erdogan. 
“We are confident that the Turkish government is capable of bringing the situations back to normal and ensure stability.”
Members of Turkey's armed forces declared hours earlier that they had taken control of the country as explosions, gunfire and a reported air battle between loyalist forces and supporters of the coup erupted in Ankara, the capital. Erdogan called on the Turkish people to flood the streets in a show of support for his embattled government.
But by Saturday, forces loyal Erdogan quashed the coup attempt. Authorities arrested thousands of people amid gunfire that left dozens of people dead, and Erdogan vowed that those responsible "will pay a heavy price for their treason."
Turkish President Tayyip Erdogan sent a mass text message to Turkish mobile phones on Saturday imploring Turks to “stand up” for democracy and peace.
The message which came from “RT ERDOGAN” and was signed with his full name, Recep Tayyip Erdogan, also called on people to take to the streets against a “narrow cadre.”
 
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Crown prince: Saudi investment in India to reach $100bn

Updated 17 min 52 sec ago
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Crown prince: Saudi investment in India to reach $100bn

  • Mohammed bin Salman says value of investments to increase rapidly over next two years
  • Modi praised relations between the two countries after signing cooperation agreements

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years.

During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology and small companies in India which had “achieved very remarkable returns.”

Speaking on the second day of hist India visit, and after the signing of five agreements with Modi, the crown prince also said that there were many opportunities for India in Saudi Arabia.

“We expect that the opportunity we are developing in India in many fields will exceed 100 billion dollars over the next two years,” Prince Mohammed said. “We want to work as two governments to ensure these investments and achieve beneficial returns for both countries. 

“We also hope that relations between the Kingdom of Saudi Arabia and India will contribute to providing more opportunities for Indian laborers and manpower to contribute to the future of the Kingdom of Saudi Arabia and building the Kingdom's Vision 2030.”

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The crown prince spoke of the depth and history of relations between the two countries, acknowledging the role Indian labor and businesses had played in the Kingdom’s development.

He also said the economic partnerships were grounded in the two nation’s similar challenges - “extremism, terrorism and the security of the Indian Ocean.”

He said Modi’s visit to the Kingdom in 2016 had achieved investments worth $44 billion in refining and petrochemicals.

The two countries planned to expand India’s oil storage capacity to make India an “important regional center in distributing oil and its products.”

The crown prince and Modi earlier oversaw the signing of agreements in the fields of investment, tourism, housing and information and broadcasting.

The crown prince arrived in India after a two-day trip to Pakistan as part of a tour of Asia.

Earlier he attended a ceremonial welcome in New Delhi after landing in the country on Tuesday evening.