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.
