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Agency for Natural Resources and EnergyMETI to Dispatch a Mission to Abu Dhabi for Encouraging Investment in Japan

On March 12 and 13, 2014, the Ministry of Economy, Trade and Industry (METI) will dispatch a mission, led by Mr. Norihiko Ishiguro, Vice-Minister for International Affairs, to Abu Dhabi, United Arab Emirates, aiming to encourage the country to invest in Japan. During the visit, the mission will hold a seminar concerning investment in Japan and pay individual visits to the royal family and other related people. Through this effort, METI will endeavor to provide such people with an opportunity to notice the attractiveness of fund management in Japan as well as to promote Japan’s economic growth by catching the reflux of oil revenues.

1. Background and outline

  1. About 40% of the total crude oil that Japan has independently developed (about a little under 10% of the imported oil) has been supplied from Abu Dhabi alone. Concerning these oil fields in Abu Dhabi, more than 60% of Japan’s interests will expire in 2018. Considering this situation, it is necessary for Japan to further strengthen the relationship with the country in all areas, including finance and human exchange, for the purpose of keeping and expanding Japan’s interests in oil fields.

  2. Abu Dhabi is a country where a huge amount of oil revenues have accumulated due to the oil price surge. Businesses involving finance and investment have been building the backbone of the country, along with those in the oil industry, and there are many funding and financial organizations deploying their businesses under such an environment, including the Abu Dhabi Investment Authority (ADIA), a world’s largest sovereign wealth fund (SWF), and financial organizations that deal with personal assets of the royal family.

  3. Meanwhile, people in Abu Dhabi are increasingly paying attention to investing in Japan as an attractive target for fund management, encouraged by Japan’s current situations, namely, the economic recovery stimulated by the Japanese new economic policy, “Abenomics”, and the Olympic and Paralympic Games that will be held in Tokyo in 2020. In addition, some of Abu Dhabi’s dignitaries have already mentioned that there is a need for investment in Japan.

  4. Considering such background, METI decided to dispatch a mission to Abu Dhabi for the purpose of encouraging investment in Japan. During the visit, the mission will hold some seminars and pay individual visits to the royal family and other related people. Through this effort, METI will endeavor to provide the Abu Dhabi side with an opportunity to notice the attractiveness of fund management in Japan as well as to promote Japan’s economic growth. In addition, METI will encourage people in Abu Dhabi to visit Japan by spurring their investment in Japan’s real estate and other business, so as to connect such efforts to enhancement of human exchange activities between Japan and Abu Dhabi in the future.

2. Itinerary of the mission’s visit

  1. Date: March 12 (seminar on investment in Japan) and March 13 (individual visits)

  2. Expected participants in the mission: Mr. Norihiko Ishiguro, Vice-Minister for International Affairs; Mr. Haruyuki Toyama, Director-general, International Department, Bank of Japan; Mr. Toshio Oya, Counselor of the Minister’s Secretariat, Ministry of Finance; and other private-sector economists

  3. Counterparts whom the mission will visit (pending)

    SWF:
    ADIA (a world’s largest SWF), and other entities
    Royal family funds:
    Mubadala Development Company, Allied Investment Partners, and other entities
    Other organizations:
    UAE’s central bank, and other entities

Release Date

March 5, 2014

Division in Charge

Petroleum and Natural Gas Division, Natural Resources and Fuel Department, Agency for Natural Resources and Energy

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