Japan To Help Saudi In Economic ReformSource: www.export-egypt.com 9/2/2016, Location: Middle East |
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Japanese Prime Minister Shinzo Abe offered to help Saudi Arabia in its effort to achieve economic reform and reduce its dependence on oil production, public broadcaster NHK reported.
In his meeting with Saudi Arabian Deputy Crown Prince Mohammed bin Salman Al-Saud in Tokyo, Abe said Saudi Arabia is important to Japan not only as a source of energy supplies, but also for the major business opportunities it provides and in terms of the stability of the Middle East. “The world is eyeing how the prince will exercise his leadership to drastically change the kingdom’s economy and society,” Abe was quoted as telling Mohammed, a key figure in making policy decisions in the Gulf country. For his part, the Deputy Crown Prince Mohammed said that bilateral relations between Saudi Arabia and Japan are important, and that exchanges in various areas are possible. “It is important for Saudi Arabia and Japan to work together for the stability of the Middle East,” the prince said. The two leaders agreed to jointly launch a ministerial conference to discuss concrete ways to help Saudi Arabia achieve economic reforms. They also agreed that the first meeting will be held in Riyadh next month. The two countries later signed a memorandum pledging to step up cooperation in seven fields, including cultural exchange and small business. Prince Mohammed was named deputy crown prince, the second in line to the throne, when his father King Salman took the throne last year. He was also appointed to the chair of the Council for Economic and Development Affairs. He drew international attention in April when he unveiled the economic reform plan “Vision 2030” designed to reduce the country’s dependence on oil. |
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