Al-Badr to Asharq Al-Awsat: Exploring Opportunities for Saudi-Japanese Cooperation in Vital Sectors

Al-Badr talking to Asharq Al-Awsat on the sidelines of the Saudi-Japanese round-table meeting.
Al-Badr talking to Asharq Al-Awsat on the sidelines of the Saudi-Japanese round-table meeting.
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Al-Badr to Asharq Al-Awsat: Exploring Opportunities for Saudi-Japanese Cooperation in Vital Sectors

Al-Badr talking to Asharq Al-Awsat on the sidelines of the Saudi-Japanese round-table meeting.
Al-Badr talking to Asharq Al-Awsat on the sidelines of the Saudi-Japanese round-table meeting.

The Undersecretary of the Ministry of Investment for Communication with Investors, Badr Al-Badr, unveiled joint efforts by the Saudi and Japanese governments to explore investment opportunities in several vital sectors.

Al-Badr told Asharq Al-Awsat that the Saudi-Japanese relations were developing at all levels, thanks to the converging visions of the two countries’ leaderships.

He pointed to a round-table meeting, which was organized by the Ministry of Investment on Sunday, in the presence of Japanese Prime Minister Fumio Kishida, Saudi Investment Minister Khaled al-Falih and representatives of a number of government and private agencies, within the framework of the Saudi-Japanese Vision 2030 Committee.

He noted that the meeting was aimed at strengthening economic and investment relations between the Kingdom and Japan, and exploring investment opportunities in a number of sectors, including: petrochemicals, energy, health care, mining, financial and logistical services, technology and infrastructure, and others.

Al-Badr added that 26 agreements and MOUs were signed between major Saudi and Japanese companies, which he said highlighted the volume of investment opportunities that would be activated between the Kingdom and Japan, in many vital sectors.

According to Al-Badr, the two countries, which assume a major role within the G20, are keen to promote and develop joint investments.

Japan is the Kingdom’s third largest trading partner, while 110 Japanese companies operate in the Kingdom in various fields, including energy and technology, the Saudi official said.



Albudaiwi: Advantage Oman Forum Offers Valuable Investment Insights

Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi
Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi
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Albudaiwi: Advantage Oman Forum Offers Valuable Investment Insights

Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi
Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi said that the Advantage Oman Forum is a valuable opportunity offered by Oman to discuss and review investment opportunities and initiatives, as well as future transformations in promising sectors in this field.
This came during Albudaiwi's participation in the first edition of the Advantage Oman Forum, which was held under the patronage and attendance of Omani Deputy Prime Minister for Defense Affairs Sayyid Shihab bin Tarik Al Said, and in the presence of a number of ministers of the GCC countries, Sunday in Muscat. A group of senior officials and decision-makers participated in the forum, SPA reported.
The Secretary-General stated that Oman's Organisation of this forum reflects the insightful vision of the wise Omani leadership to strengthen the national economy and attract global investments, thus contributing to achieving sustainable development goals. He also praised the forum's activities and the workshops as well as the dialogue sessions it included, which provide the elements of success and sustainability for this forum, making it a regional and international platform and a destination for those interested in economic and investment affairs in Oman.
Furthermore, Albudaiwi added that Oman, with its attractive investment environment, advanced infrastructure, well-thought-out economic policies and significant economic, in addition to investment growth indicators, has become a destination for investors from around the world, stressing that this strengthens its position as a key pillar in the economies of the GCC countries and supports the council's aspirations for regional economic integration.
The Secretary-General concluded his statement by expressing his confidence that the forum will achieve positive results that will contribute to expanding the horizons of economic and investment cooperation between the GCC countries and the world, and support the comprehensive development process in the region.