Japan's Abe, Saudi king see eye to eye on Vision 2030
Mar 15, 2017, 00:50
This is the first visit to Japan by a reigning Saudi monarch in 46 years. "The relationship of the two countries has now progressed to a strategic partner", Seko said at his meeting with Fakeih, which involved around 70 officials from both sides.
The Nikkei business daily also reported that Toyota Motor is looking at building a vehicle assembly plant in the Middle East country.
"We are looking forward to the visit of the King of Saudi Arabia later this year", External Affairs Secretary (Economic Relations) Amar Sinha, said at an event organised by the Saudi petrochemicals giant SABIC.
The king also booked 1,000 rooms in Tokyo's most luxurious hotels for the four day (three nights) stay, which will come to an end Wednesday.
The two countries agreed to promote 31 projects, including some to help develop manufacturing supply chains in Saudi Arabia and to promote joint studies on the possible listing of the state-run oil firm Saudi Aramco on the Tokyo Stock Exchange. According to Mr Abe, his country wants to "vigorously advance its ties with Saudi Arabia, which is the linchpin of stability in the Middle East".
The IPO is the centerpiece of the Saudi government's ambitious plan, known as Vision 2030, to diversify the economy away from oil.
Saudi Arabia's King Salman bin Abdulaziz al-Saud has been touring Asia. and his latest stop in Japan was pure luxury.
Custodian of the Two Holy Mosques King Salman looks at the medals of the Order of the Chrysanthemum, Japan's highest order, awarded to him by Emperor Akihito in Tokyo on Tuesday. This is why Saudi leaders seek closer cooperation with the two countries in these areas. "When the King visited Japan, he had a meal with my grandfather at his private residence in Gotemba", he said. Deputy Crown Prince Mohammed bin Salman, the king's son, is spearheading the effort, announced past year and dubbed Vision 2030.
They had a meeting and lunch together at the Imperial Palace also in February 2014, when Salman was crown prince.
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