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Second Meeting of the Joint Group for Saudi-Japan Vision 2030 was Held

On March 14, 2017, the second meeting of the Joint Group for Saudi-Japan Vision 2030 was held in Japan. The meeting brought together Mr. Hiroshige Seko, Minister of Economy, Trade and Industry, and other officials as representatives of Japan, and H.E. Eng. Adel M. Fakeih, Minister of Economy and Planning, and other officials as representatives of the Kingdom of Saudi Arabia. At the meeting, participants held discussions for implementation of Saudi-Japan Vision 2030, which was concluded by the leaders of Japan and Saudi Arabia on March 13, 2017. In addition, the exchange ceremony for the memorandums of intergovernmental cooperation was held.

 “Saudi-Japan Vision 2030 Business Forum” was held with the opportunity provided by the meeting. At for forum, Minister Seko delivered a speech for facilitation of bilateral cooperation in the presence of Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al-Saud, King of the Kingdom of Saudi Arabia, and the exchange ceremony for memorandums of cooperation between private companies and organizations was held.

Furthermore, Custodian of the Two Holy Mosques King Salman had a meeting with CEOs of major Japanese companies.

1. Summary of the second meeting

  1. At the meeting, the ministers of both countries welcomed “Saudi-Japan Vision 2030,” concluded by Prime Minister Abe and Custodian of the Two Holy Mosques King Salman on March 13, and shared the recognition of the importance of steadily implementation of Vision 2030 based on the memorandums of cooperation on the implementation signed by the ministers concerned in both countries.
  2. In order to improve business environments, Minister Seko highlighted the importance of joint efforts to promptly address specific requests and challenges raised by private companies based on the facts of their businesses. As a part of the efforts, he also proposed to embody “The Enabler Showcase Zone (ESZ)” plan, which will be a showcase model for economic reform in Saudi Arabia. Furthermore, as a new system to implement Vision 2030, he proposed to establish a new subgroup called the “Enabler Subgroup” which will discuss cross-sectorial challenges in addition to the five existing subgroups under the Joint Group for “Saudi-Japan” Vision 2030 ([i] Trade and Investment Opportunities, [ii] Investment and Finance, [iii] Energy and Industry, [iv] SMEs and Capacity Building, and [iv] Culture, Education and Sports), and also proposed newly and early establishment of “Saudi-Japan Vision Offices” in Tokyo and Riyadh.
  3. In addition, the exchange ceremony of memorandums of cooperation between two countries was held in the meeting. The following memorandums were exchanged: cooperation on the trade and investment Field between METI and the Ministry of Commerce and Investment; cooperation in desalination and reclamation of water between METI and the Ministry of Environment, Water and Agriculture; and cooperation in the field social development between Japan International Cooperation Agency (JICA) and the Ministry of Labor and Social Development.

Minister Seko delivering a speech

Exchange ceremony for memorandums of cooperation

2. “Vision 2030 Session” in Saudi-Japan Vision 2030 Business Forum

  1. Taking the opportunity provided by Custodian of the Two Holy Mosques King Salman’s visit to Japan, Saudi Arabian General Investment Authority (SAGIA), Japan External Trade Organization (JETRO), and Japan Cooperation Center for the Middle East (JCCME) jointly held “Saudi-Japan Vision 2030 Business Forum.”
  2. At the forum, the exchange ceremony for memorandums of cooperation was held, in which 20 memorandums were exchanged between Japanese companies and Saudi Arabian companies/organizations, witnessed by Minister Seko and the ministers concerned in Saudi Arabia.
  3. Custodian of the Two Holy Mosques King Salman joined at the end of the forum, and Minister Seko and Minister Fakeih delivered speeches. Minister Seko expressed Japan’s strong commitment to work together for transformation and economic growth through joint efforts by Japan and Saudi Arabia based on Saudi- Japan Vision 2030 as a compass for future bilateral cooperation, while expressing Japan’s continued support for the private companies in attendance.

Ministers witnessing an exchange ceremony for memorandums of cooperation

King Salman attending the forum

3. Meeting between Custodian of the Two Holy Mosques King Salman and CEOs of major Japanese companies

Custodian of the Two Holy Mosques King Salman had a meeting with CEOs of major Japanese companies, with Minister Seko also in attendance. CEOs who attended the meeting expressed their expectation to develop future business ties with Saudi Arabia.

 

Appendices

Release date

March 15, 2017

Division in Charge

Middle East and Africa Division, Trade Policy Bureau

Related Information

Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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