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Saudi Arabia Launches New Investment Horizons with Japan

The Saudi Investment Promotion Authority has signed a memorandum of understanding (MoU) with Japan’s Mizuho Bank to strengthen investment opportunities between both countries, according to the Saudi Press Agency.

The deal will offer Japanese companies an exclusive opportunity to benefit from the authority’s data and experiences in investment.

Therefore, the authority will provide them with full support and assist them embark on investment projects in the Kingdom or in partnership with Saudi businessmen.

In the light of these objectives, the agreement perfectly aligns with the Saudi Vision 2030 that seeks to cut the Kingdom’s dependence on oil and diversify its national economy.

Recently, Saudi Arabia has made bold strides to capture foreign investments and forge economic partnerships with international entities.

Furthermore, the Kingdom has boosted bilateral partnerships and long-term deals.

To further accelerate the transformation of the investment sector, the Kingdom has unleased new horizons and created new opportunities under the umbrella of the national strategy for investment.

In this regard, the Saudi Investment Promotion Authority aims basically to fulfill integration and boost cooperation between all government sectors. In addition, it has set a bold goal to strengthen the Kingdom’s position as a prestigious investment destination both locally and globally.

 

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