Turkey-Saudi Joint Venture on Fighter Jet KAAN

Turkey and Saudi Arabia are considering a joint investment in Turkey's fighter jet KAAN. President Tayyip Erdogan mentioned the potential for collaboration during his recent visit to Saudi Arabia and Egypt, highlighting the praise received for the fighter jet and the possibility of investment by Saudi Arabia.

Turkey and Saudi Arabia are exploring the possibility of a joint investment in the Turkish fighter jet project, KAAN. This revelation came from President Tayyip Erdogan during his return flight from a diplomatic visit to Saudi Arabia and Egypt.

Erdogan expressed optimism about the collaboration, citing significant interest and praise from Saudi Arabia regarding the KAAN fighter jet initiative. During the flight, he emphasized that discussions about the joint venture with Saudis could be finalized at any moment.

The collaboration is seen as a strategic partnership that aligns with both nations' interests in enhancing defense capabilities and economic cooperation. Such an investment could strengthen bilateral ties and create opportunities within the military-industrial sector.

(With inputs from agencies.)