- Forum highlighted role of Japanese investors in driving the growth of new and existing sectors and facilitating Saudi human capital development
- 14 MoCs exchanged, bolstering further bilateral ties and signalling mutual commitment to technological development and knowledge transfer through investment
Riyadh, Saudi Arabia – The Ministry of Investment of Saudi Arabia reiterated its commitment to facilitating investment opportunities and promoting deeper collaboration between Saudi Arabia and Japan at the fifth Saudi-Japan Vision 2030 Business Forum, which took place virtually in Riyadh and Tokyo on 16th and 17th December 2020.
The event was held in partnership with the Saudi-Japan Vision Office, Japan External Trade Organization (JETRO) and Japan’s Ministry of Economy, Trade and Industry under the Saudi-Japan Vision 2030 umbrella. This year’s edition brought together over 300 Saudi and Japanese private sector and government leaders to explore the emerging business opportunities in the Kingdom’s tourism and entrepreneurship sectors.
The event also showcased the initiatives launched in Saudi Arabia to provide SMEs and start-ups with the skills, resources and funding to succeed in key growth industries such as travel and tourism.
Speaking at the forum, His Excellency Khalid Al Falih, Minister of Investment of Saudi Arabia, said: “Saudi Arabia is adapting its transformation strategy to ensure growth in the changing global economy and attract partnerships and investments that meet our needs in this new environment. Through our historic partnership with Japan, we have identified tourism and entertainment and start-ups as leading enablers of post-COVID-19 economic growth and innovation. Both are nascent yet rapidly developing sectors in the Kingdom that offer significant investment and capacity building potential to Saudi and Japanese entrepreneurs and businesses of all sizes.”
14 Memoranda of Cooperation (MOC) were signed across diverse sectors, in a sign of deepening ties between Saudi and Japanese organizations on technological and human capital development in critical sectors of the future such as healthcare, energy and ICT. These include agreements between Abdul Latif Jameel Enterprises and the Japanese Organization for Medical Device Development for the training of medical professionals and Castalia Co and Advanced Idea to introduce programming education for Saudi students.
Mr. Kajiyama Hiroshi, Minister of Economy, Trade and Industry said: “The relationship between Japan and Saudi Arabia is now more strategic than ever, and the Saudi-Japan Vision 2030 since its launch in 2017 has been leading successful projects in several fields such as health and small businesses. Since July, MISA’s Japan office has been very active towards achieving this vision.”
Launched in 2017 as Saudi Arabia embarked on its national transformation journey through Vision 2030, Saudi-Japan Vision 2030 builds on the strategic partnership between the two countries to facilitate public and private sector collaboration and knowledge transfer initiatives that contribute to each country’s national growth and development strategies. The fifth Saudi-Japan Vision 2030 Ministerial Meeting took place on 15th December 2020 and confirmed the Ministry of Investment as the Saudi government entity responsible for Saudi-Japan Vision 2030 governance.
-Ends-
Media Contact: media@misa.gov.sa
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
