{"id":86414,"date":"2024-05-22T00:00:00","date_gmt":"2024-05-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/05\/22\/over-30-mous-signed-at-saudi-japan-vision-2030-business-forum\/"},"modified":"2024-05-22T00:00:00","modified_gmt":"2024-05-22T00:00:00","slug":"over-30-mous-signed-at-saudi-japan-vision-2030-business-forum","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/05\/22\/over-30-mous-signed-at-saudi-japan-vision-2030-business-forum\/","title":{"rendered":"Over 30 MoUs signed at Saudi-Japan Vision 2030 business forum"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Businesses from Saudi and Japan signed more than 30 MoUs at the <\/strong><strong>Saudi-Japan Vision<\/strong><strong> 2030 business forum<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/japan-saudi-arabia-discuss-energy-industry-collaborations-forum-2024-05-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The agreements span energy, manufacturing, and other sectors. The forum, which took place in Tokyo yesterday with over 300 industry officials and leaders from the two countries, went forward despite the absence of Crown Prince and Prime Minister Mohammed bin Salman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of which: Crown Prince Mohammed bin Salman confirmed the Kingdom\u2019s <\/strong><strong>commitment to providing Japan with a stable supply of its crude<\/strong> during a virtual meeting with Japan\u2019s Prime Minister Fumio Kishida, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2108168\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported yesterday. Kishida offered thanks and added that he expects Saudi to continue to play a leading role in the stability of the global oil market \u201cincluding through further production increases,\u201d according to a <a target=\"_blank\" href=\"https:\/\/www.mofa.go.jp\/me_a\/me2\/sa\/pageite_000001_00366.html\" style=\"\" rel=\"noopener\">Japanese Foreign Ministry statement<\/a>. The two leaders also discussed cooperation on clean energy \u2014 including <strong>green hydrogen and ammonia<\/strong> \u2014 and other fields. <\/p>\n<p class=\"tag-border-left\">THE AGREEMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPPC + Marubeni:<\/strong> Saudi Power Procurement Company signed two power purchase agreements with a consortium led by <a target=\"_blank\" href=\"https:\/\/www.marubeni.com\/en\/\" style=\"\" rel=\"noopener\">investment conglomerate Marubeni<\/a> to purchase power from the AlGhat (600 MW) and Wa\u2019ad Alshamal (500 MW) wind projects, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2107620\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Locally made manga: <\/strong>Manga Arabia \u2014 a subsidiary of media giant Saudi Research and Media Group\u2019s (SRMG) \u2014 launched <a target=\"_blank\" href=\"https:\/\/x.com\/mangainter_\" style=\"\" rel=\"noopener\">Manga International<\/a> as part of its international expansion with Japan as its official headquarters, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2107629\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported. SRMG CEO Jomana Al Rashid said the move comes under efforts to expand overseas through partnerships with leading global manga publishers and communicate the Saudi and Arab culture through manga comics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The agreements signed include MoUs between <strong>Aramco<\/strong> and Japanese refiner <strong>Eneos&nbsp;<\/strong>Holdings and leading Japanese banks <strong>Sumitomo Mitsui<\/strong> and <strong>Mizuho<\/strong> along with renewables giant <strong>Acwa Power<\/strong>, according to Reuters, which provided no further details. <strong>Marubeni<\/strong> also plans to set up a wind farm project in Saudi, the newswire reports, citing a statement from the Japanese Trade Ministry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pitching more investments in Saudi from Japan: <\/strong>Investment Minister Khaled Al Falih highlighted the importance of the Kingdom\u2019s booming non-oil sector, saying that it has \u201cdoubled and is looking for an accumulated investment of over USD 3 tn that offers big chances to the Japanese,\u201d <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2514121\/saudi-arabia\" style=\"\" rel=\"noopener\">Arab News<\/a> reported. Saudi has a \u201cbubble of projects as it will host Expo 2030 in Riyadh,\u201d Al Falih said, highlighting potential investments for Japanese companies on the back of Saudi hosting the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5ebe6ea6-8307-4ca4-84d1-a43a783d2e48\" style=\"\" rel=\"noopener\">2034 World Cup<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/sport\/2022\/oct\/04\/saudi-arabia-to-host-2029-asian-winter-games-at-desert-megacity-neom-trojena\" style=\"\" rel=\"noopener\">2029 Asian Winter Games<\/a> in Neom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The forum brought together 300 industry officials + leaders from both countries<\/p>\n","protected":false},"author":1,"featured_media":86415,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"97328fc8-9008-4e19-b500-cb7e4e171889","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1722.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Over 30 MoUs signed at Saudi-Japan Vision 2030 business forum","related_issue":[86409],"teaser":"The forum brought together 300 industry officials + leaders from both countries","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.55daba1f-d845-4a2e-a9e9-28c3c1bf97b4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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