Saudi Arabia, Japan approve 26 economic agreements to bolster bilateral ties

Jul 17, 2023 | News On Japan

Jul 17, 2023 (arabnews.com) - Saudi Arabia and Japan set the stage for strong trade ties by exchanging 26 pre-signed economic agreements between the two nations on Sunday at the Ritz Carlton hotel in Jeddah.

The signed deals encompassed healthcare, clean energy, mining and digital innovation sectors.

The exchange marks the growing bilateral relationship led by Japanese Prime Minister Fumio Kishida, who arrived in Jeddah on Saturday to promote the island state’s major local companies and explore deeper opportunities to collaborate with the Kingdom.

Saudi Investment Minister Khalid Al-Falih welcomed the Japanese delegation to the Kingdom and sought for mutually reliable economic partnership.

The Japanese visit is part of the delegation’s tour in the Middle East by the Japanese government’s Economic Partnership Mission to strengthen Japan’s economic ties with the region’s countries.

The delegation includes members from Fukui-based APB, a Japanese corporation specializing in research and development, production and sales of lithium-ion batteries. ...continue reading

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