Turkey’s Erdogan on Gulf visit

Turkish President Recep Tayyip Erdogan (right) and Saudi Crown Prince Mohammed bin Salman. Pic/AP

Turkish President Recep Tayyip Erdogan travels to Saudi Arabia on Monday in a three-stop tour of Gulf states to seek trade and investment opportunities for Turkey's floundering economy.

The president will arrive in Jeddah accompanied by an entourage of some 200 businesspeople, according to the Foreign Economic Relations Board of Turkey. He is expected to meet King Salman and Crown Prince Mohammed bin Salman. Business forums have been arranged in Saudi Arabia, Qatar and the United Arab Emirates during Erdogan's three-day trip.

The visit comes as Turks are hit with sales and fuel tax hikes that Finance Minister Mehmet Simsek has said are necessary to restore fiscal discipline and bring inflation down. Turkey's current account deficit reached record levels this year hitting $37.7 billion.

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