Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    Harris tells supporters 'never give up' and urges peaceful transfer of power    Italy's 'Libra' to arrive in Albania with just eight migrants on board    South Africa shuts border crossing with Mozambique over poll unrest    French families sue TikTok over harmful content that allegedly led to suicides    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Neymar suffers muscle tear, out for 4-6 weeks    Arab leaders and heads of state congratulate US President-elect Donald Trump    Building the future of the region's leading aviation hub Saudi Airport Exhibition 2024 to be held on Nov. 11-12    Crown Prince, Pakistan Army Chief discuss ways to enhance military cooperation    Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant    King Salman and Crown Prince congratulate Trump on winning US presidential election    Heavy Equipment and Truck Show to spotlight Tata Motors' cutting-edge mobility solutions    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Top climber falls to death after rare Himalayan feat    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



More than 20 Saudi Public and Private Entities Meet their Japanese Counterparts at Saudi-Japan Vision 2030 Business Forum
Published in Saudi Press Agency on 17 - 06 - 2019

The Saudi-Japan Vision 2030 Business Forum, co-organized by the General Investment Authority (SAGIA) and Japan External Trade Organization (JETRO), was held in Tokyo today, with participation of the Minister of Economy and Planning of the Kingdom of Saudi Arabia Mohammed Al-Tuwaijri, Minister of Energy, Industry and Mineral Resources Eng. Khalid Al-Falih and SAGIA Governor Eng. Ibrahim Al-Omar.
The activities brought together more than 300 economists, to highlight promising investment opportunities in multiple strategic sectors in the Kingdom of Saudi Arabia, including energy, infrastructure, logistics and entertainment, as well as key reforms underway to enable easier market access for foreign companies.
Speaking at the Forum, Al-Tuwaijri said that the forum is a testimony to the success of the strategic direction set by the Saudi-Japanese Vision 2030 two years ago, which seeks to activate private sector involvement by partnering with relevant public sector entities and establishing joint-ventures across our countries.
He pointed out that involving the private sector is a key step towards achieving our shared vision, and driver of sustainable, market-based economic cooperation between the Kingdom of Saudi Arabia and Japan.
For his part, SAGIA Governor said that Japan is one of the most important economic partners of the Kingdom of Saudi Arabia, pointing out that holding the forum affirms the depth of the partnership between the two countries in the light of the economic reforms witnessed by the Kingdom of Saudi Arabia in accordance with the Saudi Vision 2030 aimed at achieving an attractive investment environment.
He added that SAGIA has been working on creating an attractive and favourable business environment, making it easier for foreign companies to access opportunities in the Kingdom of Saudi Arabia, affirming that the continued prosperity of the Kingdom of Saudi Arabia depends on fostering innovation, attracting foreign investment and enabling private sector growth to create jobs and opportunities for Saudi men and women.
Eng. Al-Omar concluded his speech by welcoming the Japanese companies as they take part in the historic transformation of the Saudi economy.
President of JETRO Mr. Yasushi Akahoshi said that the Saudi-Japan Vision 2030 has made great progress since it was first announced, as under this strategic initiative, the number of cooperative projects between the two countries has nearly doubled, from 31 projects, and represents a diverse range of sectors and stakeholders.
He said that today marks the introduction of Saudi-Japan Vision 2030 which is the next step of this important initiative. Mr. Akahoshi added that they are encouraged that the partnership will create valuable business opportunities for both Saudi and Japanese companies.
It is worth mentioning that Japan is Saudi Arabia's second largest source of foreign capital and third-largest trading partner, with a total trade exceeding US$39 billion.
Since launching the Saudi Vision 2030 in April 2016, the Kingdom of Saudi Arabia has delivered 45% of over 500 planned reforms, including the introduction of 100% foreign ownership rights, enhancing legal infrastructure and offering greater protection for shareholders. As a result, the Kingdom of Saudi Arabia is climbing international competitiveness and ease-of-doing-business rankings and investors are increasingly towards to the Kingdom of Saudi Arabia, with FDI inflows increasing by 127% in 2018 and the number of new companies entering the Kingdom of Saudi Arabia rose 70% on a year-on-year basis in Q1 2019.


Clic here to read the story from its source.