Riyadh - Sharikat Mubasher: The Saudi Investment Promotion Authority signed a memorandum of understanding (MoU) with Japan’s Mizuho Bank to promote investment opportunities between the two countries.

The MoU was signed by Ibrahim Al-Mubarak, Assistant Minister of Investment, and Masahiko Kato, President and CEO of Mizuho Bank, as reported by the Saudi Press Agency (SPA).

Under this MoU, the Saudi authority will provide its expertise and information to help integrate support services to Japanese companies interested in investing in Saudi Arabia.

This agreement came as part of the Kingdom’s efforts to achieve Vision 2030’s goals of diversifying the national economy by attracting foreign investments, supporting economic partnerships with international companies, solidifying bilateral investment relations and long-term partnerships, and opening new horizons for cooperation in the investment and economic fields.

It is worth mentioning that the Saudi Minister of Investment Khalid Al Falih and Japan’s Minister of Economy, Trade, and Industry Yoji Muto co-chaired the Ministerial Roundtable for the Saudi-Japan Vision 2030 that was held on Sunday with public and private entities to boost bilateral investment opportunities.

The roundtable witnessed the signing of 13 agreements, including four memoranda of understanding (MoUs) between public and private entities, and nine MoUs between Saudi and Japanese private entities.