Saudi Arabia and Japan to strengthen cooperation under Vision 2030

 

Saudi Arabia and Japan to strengthen cooperation under Vision 2030

Saudi Crown Prince Mohammed bin Salman and Japanese Prime Minister Fumio Kishida convened in Jeddah on Sunday to explore opportunities for collaboration and fortify the Saudi-Japan Vision 2030. The meeting commenced with an official reception ceremony hosted by MBS, and the leaders engaged in substantive discussions in the presence of their respective delegations, according to the Saudi Press Agency (SPA).

The talks primarily focused on bilateral relations between the two nations, particularly in the realms of economy, trade, investment, and culture. They also explored ways to strengthen cooperation within the framework of the Saudi Japan Vision 2030, a visionary initiative initially signed in 2016 between Crown Prince Mohammed bin Salman and the then-Prime Minister Shinzo Abe, aimed at deepening ties between Saudi Arabia and Japan across various sectors.

Additionally, Prince Mohammed and Kishida addressed regional and international issues and discussed the efforts exerted in these domains, signaling the commitment of both countries to collaborative diplomacy.

As part of the visit, Crown Prince Mohammed engaged with Japanese business leaders and entrepreneurs in the presence of Prime Minister Kishida, opening avenues for business partnerships and investment opportunities.

In a Saudi-Japan roundtable attended by the Japanese PM and Saudi Minister of Investment Khalid al-Falih, discussions centered around cooperation and coordination in diverse sectors, with a specific focus on investment opportunities in clean energy, mining, healthcare, and digital technologies.

The meeting yielded fruitful outcomes as 26 cooperation and investment agreements with Japan were signed, encompassing a wide range of sectors including health, entertainment, culture, traditional energy, green energy, chemicals, manufacturing, machinery and equipment, as well as financial, technical, agricultural, environmental, and real estate development cooperation.

Moreover, the Japanese Prime Minister held a meeting with Jasem Mohamed al-Budaiwi, Secretary General of the Gulf Cooperation Council (GCC), during which they agreed to hold a joint GCC-Japanese ministerial meeting to bolster cooperation between Japan and the Gulf countries. Notably, both sides also signed a joint statement resuming free trade agreement negotiations between the GCC and Japan, highlighting the significance of economic collaboration in the region.

The discussions and agreements reached during the visit reflect the shared commitment of Saudi Arabia and Japan to enhance their relations, foster economic growth, and address regional and global challenges together. The Saudi-Japan Vision 2030 stands as a testament to the mutual determination of both nations to forge a strong and prosperous future partnership.

Source: Arab News