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“Saudi-Japan Vision 2030 2.0” Formulated

Strategic Partnership between Japan and Saudi Arabia Progressed Significantly

June 18, 2019

On June 17, the Ministry of Economy, Trade and Industry (METI) held the Third Ministerial Meeting on “Saudi-Japan Vision 2030” with the participation of the Minister of Economy and Planning and other ministers from Saudi Arabia, and both countries approved the document “Saudi-Japan Vision 2030 2.0.”

1. Third Ministerial Meeting on Saudi-Japan Vision 2030

Mr. Seko, Minister of Economy, Trade and Industry, and Mr. Yamada, Parliamentary Vice-Ministers for Foreign Affairs, from the Japanese side, and Mr. Al-Tuwaijri, Minister of Economy and Planning, Eng. Al-Falih, Minister of Energy, Industry and Mineral Resources, and Mr. Al-Omar, Governor of the Saudi Arabian General Investment Authority (SAGIA) (on behalf of Dr. Al-Qasabi, Minister of Commerce and Investment), from the Saudi Arabian side, attended the meeting. Under the “Saudi-Japan Vision 2030”, which was announced when Custodian of the Two Holy Mosques King Salman bin Abdulaziz visited Japan in March 2017, the number of participating ministries, agencies and organizations in both countries increased from 41 to 64 and the number of cooperation projects has almost doubled from 31 to 61. Participants of the meeting welcomed the progress in many projects and approved and signed the document “Saudi-Japan Vision 2030 2.0,” which consists of  the progress and future actions of each project.

2. Bilateral meeting with Minister Seko and Saudi Arabian Ministers

Prior to the Third Ministerial Meeting, Minister Seko held a bilateral meeting with Saudi Arabian Ministers. Minister Seko mentioned the significance of appropriate Enablers for each project, such as the easing of regulations and granting of incentives, to strengthen cooperation under “Saudi-Japan Vision 2030”, as well as the need for support that would lead to concrete businesses and projects in the fields of entertainment, medical services and SMEs, in addition to the conventional fields such as energy and petrochemical. Besides, Minister Seko expressed Japan’s intention to strongly promote human resources development, which is the very basis for nation-building. Both parties shared an awareness on the significance of further deepening the win-win relationship of cooperation between the two countries.

3. Saudi-Japan Vision 2030 Business Forum

METI held the Saudi-Japan Vision 2030 Business Forum jointly with the Japan External Trade Organization (JETRO), Japan Cooperation Center for the Middle East (JCCME), and SAGIA.

This forum introduced new fields such as entertainment and startups, in addition to the fields such as energy and infrastructure, wherein Japan and Saudi Arabia have long history of cooperation. Minister Seko pointed out in his speech that the Saudi-Japan Vision Office in Riyadh, which was established for supporting cooperation projects between the two countries, has offered support to Japanese companies in more than 1,000 cases in total, and welcomed the announcement of the opening of the Saudi-Japan Vision Office in Tokyo by the Saudi Arabian side.

Additionally, Minister Seko and Saudi Arabian Ministers witnessed the ceremony of the exchange of 14 memorandums of cooperation between Japanese companies and organizations and Saudi Arabian companies and organizations.

Related Documents:

Division in Charge

Middle East and Africa Division, Trade Policy Bureau