The Saudi Investment Promotion Authority has entered a partnership with Japan’s Mizuho Bank Ltd. to boost investment opportunities between Saudi Arabia and Japan. This collaboration, marked by a memorandum of understanding, was formalized by Assistant Minister of Investment Ibrahim bin Yousef Al-Mubarak and Mizuho Bank’s CEO Masahiko Kato.
This agreement aims to leverage the authority’s expertise to support Japanese companies interested in investing in Saudi Arabia. The initiative is part of Vision 2030, which seeks to diversify Saudi Arabia’s economy by attracting foreign investments, forging strong international partnerships, and exploring new avenues for economic cooperation.
Further strengthening these ties, the Saudi-Japanese Joint Business Council convened in Riyadh, hosting over 80 business representatives. The meeting was attended by Saudi Minister of Investment Khalid Al-Falih and Japanese Minister of Economy, Trade and Industry Muto Yoji, alongside a Japanese delegation of industrial, commercial, and financial entities with a keen interest in the Saudi market.