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ECONOMY > External Relations

Japan, Saudi Arabia to expand economic ties

  • June 18, 2019
  • , NHK WORLD
  • English Press

Japan and Saudi Arabia will deepen economic ties and expand investment as the Middle East state seeks to reduce its dependence on oil revenue.

 

The announcement came after Saudi Economy and Planning Minister Mohammed Al-Tuwaijri met with Japanese Economy Minister Hiroshige Seko in Tokyo.

 

Al-Tuwaijri said the country will set up an investment office in Tokyo next year to advise Japanese companies on opportunities.

 

Seko said Japan will expand its cooperation with the country in many fields, beside promoting investment. This includes training Saudi Arabian doctors in use of advanced medical technologies.

 

Japan and Saudi Arabia signed a memorandum of understanding on economic cooperation in 2017.

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