24 Hrs
Source:
الاقتصادية
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Japan: Half of trade with Saudi is oil
The Japanese Ministry of Foreign Affairs emphasized that approximately 50% of trade between Japan and Saudi Arabia is linked to the oil and petrochemical sectors, affirming that energy supply security and freedom of navigation are top priorities for Japan. Japan is working to expand its investment relations with Saudi Arabia to include fields such as artificial intelligence, pharmaceuticals, infrastructure, hydrogen, and ammonia, in addition to the energy sector, with the aim of diversifying the partnership beyond oil. Additionally, Japan is focusing on maritime security to ensure the stability of global trade and is exploring opportunities to expand cooperation in future industries to promote economic diversification between the two countries. Currently, there are more than 118 Japanese companies in Saudi Arabia and 18 regional offices supporting technology transfer and joint project development.
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