Nour El-Shaeri
RIYADH: Saudi Arabia advanced its industrial and investment partnerships with Japan aimed at expanding strategic cooperation, technology transfer, and private-sector investment.
Minister of Investment Khalid Al-Falih chaired the 8th Saudi-Japan Vision 2030 Committee alongside Japan’s Minister of Economy, Trade and Industry Yoji Muto and State Minister for Foreign Affairs Hisayuki Fujii. The meeting reviewed bilateral progress and concluded with the signing of official minutes to reaffirm commitments under Vision 2030.
Khalid Al-Falih with Masayuki Hyodo, vice chair of Keidanren. X/@MISA
The high-level visit by Al-Falih highlights Saudi-Japanese collaboration, with trade between the two countries reaching $138.2 billion in 2024, making Japan Saudi Arabia’s third-largest trading partner, while Japanese investment in the Kingdom totaled $23.1 billion, focused on energy, water and waste management, transport and logistics, and manufacturing.
On its official X handle, the ministry stated: “The Minister of Investment Khalid Al-Falih met leading financiers at the Saudi-Japan Financial Roundtable to explore sectoral opportunities, financial complementarities, and global challenges, while advancing cooperation between peers in the Kingdom and Japan.”
It added: “Held under the Saudi–Japan Vision 2030 framework, the roundtable congregated 40 senior leaders of Japan’s major industrial firms. The Ministry of Investment–Keidanren Strategic Investment Platform was launched to foster quality investments and private-sector initiatives.”
AloJapan.com