Council of Saudi Chambers hosts roundtable meeting between Saudi, Japanese businesspeople
Chairperson of the Saudi side of the Saudi-Japanese Business Council, Tariq Al Qahtani, delivered opening remarks at the meeting. He noted that Japan is Saudi Arabia’s second-largest trade partner, with trade estimated at $57 billion in 2013.
Al Qahtani followed that up by saying that Japan has always been of interest to the kingdom. He hopes the countries can continue to incentivize cooperation in transferring technology to training programs, exchanging SMEs expertise, joint ventures, integrated industries based on advanced technologies and local content -- comparative advantages that maximize value added to natural resources.
For his part, the executive vice president of the Japan External Trade Organization (JETRO) assured the council that the growth between the two countries comes from mutual respect. Saudi Arabia is Japan’s leading oil exporter, while Japan is one of the major exporters of various products important to the kingdom.
The representative mentioned that Saudi Vision 2030, which showcases the kingdom’s national transformation strategy for the 21st century, aligns with Japanese business needs.