Industry Minister's Official Visit to Japan Aims to Boost Strategic Partnerships, Investments

The Saudi Export-Import Bank (EXIM) will help boost Saudi exports as it provides financial support to exporters. Besides, its importers, said Minister of Industry and Mineral Resources Bandar Al-Khorayef on Monday.
The Saudi Export-Import Bank (EXIM) will help boost Saudi exports as it provides financial support to exporters. Besides, its importers, said Minister of Industry and Mineral Resources Bandar Al-Khorayef on Monday.

Minister of Industry and Mineral Resources Bandar Alkhorayef embarked yesterday on an official visit to Japan with the aim of strengthening strategic partnerships and attracting important investments.

Alkhorayef is slated to meet with government officials, private sector industrial and mining companies, and investors.

He will discuss with government officials the implementation of the Saudi-Japan Vision 2030 projects, which were agreed upon during the visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, to Japan in September 2016, and which cover nine sectors, including food and agricultural security, healthcare, high-quality infrastructure, finance and investment, competitive industries, and the development of small- and medium-sized enterprises.

Alkhorayef will also meet with a group of Japanese investors to whom he will present the advantages the Kingdom offers investors, and to attract substantial investments to vital sectors in Saudi Arabia.

The Saudi Industrial Development Fund has played a significant role in financing joint Saudi-Japanese projects, contributing SAR5,434,947,000 to support 15 projects.

Industrial cities in the Kingdom host 11 factories owned by Japanese investors, in partnership with Saudi counterparts, operating in chemical, medical and electrical industries fields.

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