Minister of Economy, Trade and Industry Nishimura, who is visiting Saudi Arabia, attended a bilateral business expansion forum and expressed his intention to support the expansion of Japanese companies in Saudi Arabia to boost economic growth.
On the 26th, Minister Nishimura attended a business forum hosted by the governments of Japan and Saudi Arabia held in the capital Riyadh.
Minister Nishimura said, "The economic and social reforms being promoted by the Saudi government are becoming more and more important as a driving force for new growth in the Middle East." showed an idea.
In order to break away from an economic structure that depends on the oil industry, Saudi Arabia is actively trying to attract foreign companies while promoting employment expansion for young people and women's participation in society.
Under these circumstances, major Japanese trading companies, financial institutions, and start-up companies will attend the forum, sharing information with the government and companies of Saudi Arabia to accelerate cooperation and investment in the analysis of big data using AI (artificial intelligence). , and a total of 16 memorandums of understanding, including decarbonization technology development.
A person in charge of a Japanese company who participated in the forum said, "Saudi Arabia's investment environment has improved considerably. We are considering investing in a project to produce fresh water from seawater. I want to go," he said.