Saudi Arabia, Japan Sign Memorandum of Cooperation in Mining, Mineral Resources

The officials sign the memorandum of cooperation in Riyadh. (SPA)
The officials sign the memorandum of cooperation in Riyadh. (SPA)
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Saudi Arabia, Japan Sign Memorandum of Cooperation in Mining, Mineral Resources

The officials sign the memorandum of cooperation in Riyadh. (SPA)
The officials sign the memorandum of cooperation in Riyadh. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef and Japanese Minister of Economy, Trade, and Industry Saito Ken signed on Monday a memorandum of cooperation between their respective ministries in mining and mineral resources at the ministry's headquarters in Riyadh.

The memorandum aims to bolster collaboration between both sides in the field of mining and mineral resources. This encompasses joint training programs to enhance human capital, exchanging professional visits and technical experts, and sharing experiences and information such as studies, policies, and regulations related to mining and mineral resources.

Additionally, the Japanese Ministry of Economy, Trade, and Industry intends to facilitate opportunities for joint investments in mining and mineral resources within Saudi Arabia or other third countries, in compliance with respective regulations, laws, and procedures.

The two ministers also witnessed the signing of a cooperation agreement between Manara Minerals Company and the Japan Organization for Metals and Energy Security (JOGMEC), an organization affiliated with the Japanese government. JOGMEC was established in 1967 and restructured in 2004 to ensure a stable supply of oil, natural gas, and mineral resources to meet Japan's energy and resource needs.

The memorandum aims to promote cooperative investments in mines and establish projects in third countries, with a particular focus on Africa and Latin America.



Oman’s Commerce Minister: Omani-Saudi Trade, Economic Ties Witness Significant Growth

General view of Riyadh. SPA
General view of Riyadh. SPA
TT

Oman’s Commerce Minister: Omani-Saudi Trade, Economic Ties Witness Significant Growth

General view of Riyadh. SPA
General view of Riyadh. SPA

Omani Minister of Commerce, Industry, and Investment Promotion Qais bin Mohammad Al-Yousef has said that trade and economic relations between Oman and Saudi Arabia are experiencing significant growth, reflecting the strength of the fraternal and historical ties between the two countries.

During a news conference organized by the Omani Ministry of Information under the theme "Oman and the World," Al-Yousef explained on Thursday that joint projects reflect the efforts made to enhance economic cooperation between the two nations, particularly in areas that support trade exchange, regional economic development and expanding cooperation in fields such as energy, industry, technology, and tourism.

He highlighted Saudi Arabia’s efforts in opening the land route linking the Kingdom to Oman, which represents a qualitative leap in enhancing bilateral trade movement. It has facilitated the mobility of both companies and citizens and boosted tourism and public communication, alongside supporting both nations’ efforts to achieve economic integration through building advanced infrastructure, he said.

"Saudi-Omani relations are strong and prosperous, witnessing growth in all areas. We are confident that the continued cooperation between us will yield strategic gains that serve the interests of both countries in the commercial, industrial, or tourism sectors,” the minister said.

He also pointed out that Saudi Arabia has made significant strides in developing the industrial sector and modernizing the logistical infrastructure, which opens new horizons for joint cooperation, especially in areas related to industrial integration and investment in major projects.

He highlighted the recent visit by Saudi Minister of Commerce Majid Al-Kassabi to Oman, where he discussed several initiatives that both sides aim to implement in the near future, as well as opportunities to launch joint projects between the private sectors of both countries, particularly in industrial fields.

Al-Yousef stressed the Saudi-Omani relationship serves as a model for Arab economic cooperation, and that the future holds many opportunities to strengthen this cooperation at all levels.