Saudi Arabia and Japan signed on Sunday 26 Memo of Understanding (MoUs) and investment agreements between the two sides.
According to Saudi Press Agency (SPA), the signing ceremony took place during a roundtable meeting, which was attended by the Japanese Prime Minister, Fumio Kishida, and the Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih, in addition to representatives of the Japanese government and over 44 leading Japanese companies.
The signed MoUs and investment agreements covered many priority sectors, including healthcare, entertainment, culture, traditional energy, green energy, chemicals, manufacturing, machinery and equipment, financial activities, technology, agriculture, environment, and real estate.
The meeting reviewed and studied opportunities to enhance investment partnerships between the two countries in a wide range of sectors, including clean energy, clean chemicals, mining, healthcare, and digital technologies.
The Saudi Minister emphasized that the strategic relations between the Kingdom and Japan are of vital importance, not only to the region but also on a global scale.
Al-Falih indicated that the meeting between Saudi Arabia Crown Prince and the Prime Minister of Japan during his visit to the Kingdom represents an important turning point that confirms a new era of development and growth for these relations.
Moreover, the minister considered the roundtable meeting a unique opportunity to review and discuss mutual investment opportunities and strengthen the close relationship between Saudi Arabia and Japan.
The Japanese Prime Minister expressed appreciation for the attendees and participants in the roundtable meeting, adding that it will work to expand and develop economic relations between the two countries.
Japanese Prime Minister also affirmed that Saudi Arabia is an important strategic partner for Japan in energy security and expressed his happiness for the diversity of this partnership in several areas under the Saudi-Japanese Vision 2030, which was agreed upon during the visit of Saudi Arabia Crown Prince to Japan in 2016.
Source: Kuwait News Agency