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INTERNATIONAL > Middle East

Main points of cooperation under Japan-Saudi Vision 2030

  • March 14, 2017
  • , Asahi , p. 2
  • JMH Translation

Japan and Saudi Arabia announced on March 13 an economic cooperation plan called “Japan-Saudi Vision 2030.” Saudi Arabia wants to become less reliant on oil exports, while Japan hopes to expand investment and business opportunities in the kingdom as Saudi Arabia diversifies its economy.

 

The economic agreement includes establishment of a special economic zone for Japanese corporations, which provides simplified customs procedures and other measures to promote business. The Japanese government is especially keen on encouraging small-to-medium size companies to do business in Saudi Arabia. (Abridged)

 

The main points of cooperation under Japan-Saudi Vision 2030

Nine areas of focus

Main examples of cooperation

Competitive industries

Support the establishment of supply chains for the manufacture of products in Saudi Arabia.

Energy

Establish a joint study group to prepare the state-run oil company Saudi Aramco for listing on the Tokyo Stock Exchange.

Entertainment and media

Share content to promote the entertainment industry in both countries.

Medicine and health

Cooperate in medical training and medical research, as well as promote exchange of medical experts.

Food and agriculture

Cooperate in improving agricultural and food products for Saudi Arabia.

High-quality infrastructure

Undertake a seawater desalination demonstration project based on Japanese technology.

Small-and-medium size business and human resources development

Support matching efforts between small-and-medium size businesses from both countries.

Culture, sports, and education

Cooperate in the fields of cultural relics and sites and tourism.

Investment and finance

Promote cooperation between Japan Exchange Group (JPX) and Saudi Stock Exchange.

 

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