23 Hrs
Source:
الاقتصادية
Japan's trade with Saudi Arabia mainly in oil
The article discusses strengthening economic relations between Japan and Saudi Arabia, with a focus on diversifying partnerships beyond the traditional reliance on oil and petrochemicals. The Japanese Ministry of Foreign Affairs noted that approximately 50% of their trade exchanges with Saudi Arabia are linked to these sectors, and both sides are working to expand cooperation to include artificial intelligence, clean energy, infrastructure, pharmaceutical industries, entertainment, and investments in future projects. Additionally, the two countries aim to enhance maritime security in the region to ensure stable energy flows, achieve sustainable and balanced economic growth through the export of non-oil products, and increase Japanese investments in over 17 vital sectors in Saudi Arabia. Emphasis is also placed on developing low-emission energy supply chains and advanced technological techniques, which serve to advance mutual interests and broaden collaboration to include projects related to health, construction, and marine resources.
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