The Saudi Investment Promotion Authority has signed an agreement with Japan’s Mizuho Bank to boost investment opportunities between Saudi Arabia and Japan.
This memorandum of understanding was formalized by Ibrahim bin Yousef Al-Mubarak, Assistant Minister of Investment, and Masahiko Kato, CEO of Mizuho Bank.
Under this agreement, the Saudi Investment Promotion Authority will offer expertise and information to facilitate Japanese companies interested in investing in Saudi Arabia. This aligns with Vision 2030, which seeks to diversify the economy by attracting foreign investments and fostering international business partnerships.
The memorandum also aims to strengthen bilateral investment relations and explore new collaborative opportunities in economic fields.
Recently, the Saudi Japanese Joint Business Council Meeting took place in Riyadh, attended by Minister of Investment Khalid Al-Falih and Japan’s Minister of Economy, Trade and Industry, Muto Yoji.
More than 80 representatives from both countries participated, including those from industrial, commercial, and financial sectors focused on modern technologies and interested in the Saudi market.