Saudi Arabia is focusing on investment plans and the move towards deals that will change the course of their economy. The country has decided to focus on all the different partnerships all over the world that can be made to help expand their business sector. This was seen through the different deals conducted in the pharmaceutical and biotech field which are expected to shift the economy on it.
It was also met through the recent partnership conducted with Japan and different companies in Japan to help increase the trade deals between both companies for joint asset in terms of economy and knowledge. This deal was taken forward by The Saudi Arabian General Investment Authority (Sagia) which has focused on a few different companies and educational facilities in Japan to help reach the right deal.
This was commented on by Ibrahim Al Omar the governor of Sagia by saying, “Japan is one of our most important economic partners – and we are excited by the potential to expand our partnership as our economy undergoes a wide range of investor-friendly reforms.”
Different measures has been taken including student exchange between the Oita University in Japan and Alfaisal University in Saudi Arabia. This deal will help exchange of students to share knowledge and culture through both countries. Furthermore, other deals were made between banks to help connected opportunities on the industrial level. This includes a deal between Japanese banks Mizuho Bank and MUFG Bank.