Saudi Arabia and Türkiye have signed a strategic agreement to develop up to 5 GW of renewable energy projects in Türkiye, primarily focused on solar power. The projects will be implemented in two phases, with Phase One involving a $2 billion investment to develop two solar projects totaling 2 GW in Sivas and Karaman. Phase Two will add a further 3 GW under mutually agreed frameworks. Power generated will be procured by a Turkish state-owned company under a 30-year purchase agreement