RIYADH, January 12 (CIC) – The Saudi-Japanese Business Forum, organised by the Saudi Arabian General Investment Authority (SAGIA), kicks off on Sunday under the banner of “Saudi-Japanese Vision 2030” to discuss investment partnerships.
Forum attendees include the Saudi Minister of Trade and Investment, Dr. Majid bin Abdullah Al Qasabi; the Japanese Minister of Trade and Industry, Hirosheiji Seko; and SAGIA Governor, Ibrahim bin Abdul Rahman Al Omar, according to a SAGIA statement. The event will be held at Al Faisaliah Hotel in Riyadh.
Leaders from the public sector, businessmen, economists and innovators from the two countries will take part in the event, along with more than 60 Japanese companies dealing in energy, electricity, infrastructure, logistics, health, entertainment, agriculture and food, information technology, and banks and financial services.
The forum will have multiple sessions and tackle various issues with the participation of specialists and speakers from the Kingdom and Japan.
“They will discuss reaching successful and fruitful partnerships to assure significant investments between the two sides, developing promising sectors, and discussing key investment opportunities in many sectors such as industry, energy, petrochemicals, and technology.
They will also discuss the effort of SAGIA’s efforts to improve business performance in the private sector, and encourage its Tayseer initiative, which aims to improve the investment environment for domestic and foreign investors in the Kingdom.
SAGIA will also host the “Invest in Saudi Arabia” exhibition during the forum, which aims to highlight the investment opportunities the Kingdom offers in various regions. A number of relevant government agencies and private-sector companies will attend it.
“Representatives of Japanese investment companies participating in the forum will look at areas of investment in the Kingdom and meet their local counterparts to come up with prosperous investment partnerships,” SAGIA said.
Japan is an important partner of the Kingdom, as it is one of the largest exporters of various products to Saudi Arabia. The two countries are also working on a series of executive programs emanating from Vision 2030 – Saudi Arabia’s road map to diversify the economy beyond oil – and seeking to enhance the volume of trade and investment between the two countries. The forum follows the historic visit of King Salman to Japan in March last year.