Saudi-Japanese Investment Agreements to Expand Economic Relations

 A group photo of participants at a Saudi-Japanese investment roundtable (Asharq Al-Awsat)
A group photo of participants at a Saudi-Japanese investment roundtable (Asharq Al-Awsat)
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Saudi-Japanese Investment Agreements to Expand Economic Relations

 A group photo of participants at a Saudi-Japanese investment roundtable (Asharq Al-Awsat)
A group photo of participants at a Saudi-Japanese investment roundtable (Asharq Al-Awsat)

Saudi Arabia and Japan have embarked on a new era in their partnership, which began in 2016, under the “Saudi-Japanese Vision 2030.” They have signed 26 agreements in various fields during the official visit of Japanese Prime Minister Fumio Kishida to the Kingdom on Sunday.

This marks a significant milestone in their evolving collaboration, paving the way for enhanced cooperation and shared goals between the two nations.

For its part, Saudi Arabia reaffirmed its commitment to supplying Japan with oil and expressed its ongoing cooperation in areas such as clean hydrogen, ammonia, and the development of infrastructure for circular carbon economy applications.

This demonstrates the Kingdom’s dedication to advancing sustainable energy solutions and fostering a mutually beneficial partnership with Japan in pursuit of environmental conservation and economic growth.

Kishida had arrived in Jeddah on Sunday for an official visit to the Kingdom, aimed at enhancing strategic relations with Saudi Arabia.

This visit signifies a concerted effort to strengthen the bilateral ties between the two nations, emphasizing the importance of cooperation and collaboration in various fields of common interest.

Additionally, this visit marks the first-ever visit by the Japanese premier to the Middle East since his appointment in 2021. Kishida commenced his trip in Saudi Arabia and will subsequently proceed to the UAE and Qatar.

This tour represents a significant step towards strengthening Japan’s diplomatic relations and engagement with the Middle Eastern region, underscoring the growing importance of cooperation and dialogue between Japan and the Gulf nations.

In Jeddah, a Saudi-Japanese investment roundtable was held with the presence of Kishida, Saudi Investment Minister Khalid Al-Falih, the Chairman of the Japan External Trade Organization (JETRO), and several officials from government and private sectors of both countries.

The meeting witnessed the highest representation from both nations with over 250 individuals in attendance.

During the roundtable, joint projects were reviewed, and presentations were made regarding the investment environment in Saudi Arabia, the business climate, and the Special Economic Zones in the Kingdom.

Additionally, successful joint projects, partnerships between the Saudi private sector and the Japanese private sector, as well as collaborations between the Japanese private sector and the Saudi government were highlighted.



GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow
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GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

The Saudi General Authority of Civil Aviation (GACA) will take part in the seventh edition of the Bahrain International Airshow, which will be held from November 13 to 15 at Sakhir Airbase.

The event will showcase the achievements of the Saudi aviation sector, highlight significant investment opportunities available, reinforce the Kingdom's leadership in the global aviation arena, and explore avenues for collaboration to develop a more prosperous aviation sector.
GACA Spokesperson Ibtisam Al-Shehri said that at the airshow, the authority will present its initiatives to develop regulations that promote growth and innovation in the Kingdom's aviation sector, and highlight the achievements of the National Aviation Strategy, which aims to secure $100 billion in investments, boost passenger traffic to 330 million and link the Kingdom to 250 international destinations by 2030.
She added that GACA will also introduce the Civil Aviation Environmental Sustainability Program, and emphasize its expertise in enhancing passenger experience and streamlining operational procedures, all in accordance with the latest international standards.
The Bahrain International Airshow will feature 11 sponsoring companies, 223 civil and military delegations from 56 countries, and more than 135 local, regional, and global companies.