Abe aims to diversify Japan's Saudi ties

Mar 15, 2017, 00:53
Abe aims to diversify Japan's Saudi ties

The Japanese and Saudi governments are planning to set up footholds in Tokyo and Riyadh to push forward relevant projects, such as the creation of a special economic zone to give Japanese firms preferential tax and regulatory treatments.

"Many Japanese take Saudi Arabia's commitment to its reforms seriously".

Approximately 10 aircraft were used to transport the huge delegation to Japan, a local government official said, while over 1,000 rooms at high-end hotels in Tokyo have been reserved and some 500 limousines mobilised for the delegation, a Saudi government source said.

The choice of countries visited by King Salman reflects both this former position, visiting close Muslim-majority allies such as Brunei, Indonesia and Malaysia, and a growing recognition of its need to diversify and expand - the later marked by visits to China and Japan.

In the joint statement, the two countries also pledged to pursue synergy effects of Saudi Vision 2030 and Abe's growth strategies for Japan.

The two countries go way back. Saudi Arabia and Japan maintain strong economic relations. The highly coveted initial public offering, slated for next year, is expected to be worth US$100 billion (S$141 billion) in what could be the world's largest.

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Abe made the request for support on the Aramco listing to the Saudi monarch, who responded by saying the kingdom would look into the request because he wants Japanese investors to buy Aramco shares, Japan's Deputy Chief Cabinet Secretary Kotaro Nogami told reporters.

She also said that King Salman deeply appreciated the warm welcome of Indonesian people and the Indonesiangovernment.

Abe and King Salman agreed to beef up their countries' security cooperation, including the resumption of subcabinet-level talks, while defining the bilateral relationship as a strategic partnership.

The two countries will also work together in sea water desalination projects, and initiatives to promote Saudi art and culture.

The King was awarded the Order of the Chrysanthemum, Japan's highest order, by Emperor Akihito.