Saudi Arabia and Japan joint investment volume exceed 100 billion riyals

 Saudi Minister of Commerce and Investment Dr. Majid Al-Qasabi and Japanese Minister of Industry and Trade Hiroshige Seko

Saudi Minister of Commerce and Investment Dr. Majid Al-Qasabi and Japanese Minister of Industry and Trade Hiroshige Seko

Riyadh … News Time

Special forum regarding joint venture projects of Saudi Arabia and Japan is being held at the Al-Faisaliah Hotel of Saudi Arabia’s Riyadh capital. These activities under Saudi Arabia’s General Investment Authority will participate in Saudi trade and investment Dr. Majid Al-Qasabi and Japanese Minister of Industry and Trade Hiroshige Seko. In addition, the main personalities of the Arab General Investment Authority Board Board of Governors Ibrahim ibn Abdul Rahman Al Omar, Public Sector and the Economic Sector of the two countries have been invited.

According to Al-Arabi, both the friends were promoting joint cooperation between the countries and 6 per cent of the investment permissions for Saudi, Japanese projects last year. 100% of these 4.5 billion rupees of investment projects have been taken from the service sector. 60 years of friendship between Japan and Saudi Arabia have increased further in recent years. The leadership of the two countries announced partnership in new investment plans. During the era of Saudi King Salman bin Abdulaziz, bilateral trade, business and economic activities got promoted in Tokyo and Riyadh. Japan has announced Saudi cooperation in Saudi Arabia’s economic vision 2030, with Saudia in full participation and making it successful.

According to a report issued by the General Investment Authority during the year 2016, the trade volume between Japan and Saudi Arabia exceeded 100.16 billion dollars. The volume of bilateral exports was 72.34 and the import volume volume was 27.82.

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