A workshop on project finance and private-public partnership (PPP) was organized at the residence of Japanese Ambassador Norihiro Okuda in Riyadh recently.
The workshop was part of a plan to boost cooperation within the framework of Saudi Vision 2030.
It focused on the transfer of know-how, experiences and expertise from Japan to the Kingdom.
The subject of project finance and PPP in infrastructure projects is one of the main components of mutual cooperation within the mandate of the “Joint Group for Saudi-Japan Vision 2030.” There is also a sub-working group within the joint group, which deals with investment and finance.
Ambassador Okuda said: “The Japanese government and companies have been largely contributing to the Kingdom’s mega projects.” He said the prime examples are the Petro Rabigh project and various independent power projects.
Okuda noted that the Japan Bank for International Cooperation (JBIC), the policy-based government financial institution, has a track record in the region in providing project finance.
He said Japanese mega banks, such as Mizuho Bank Ltd., also have vast experiences in project financing, as well as advisory services. Japanese trading and investment companies, such as Sojitz and Marubeni, and engineering contractor JGC have joined in some of the projects in the Kingdom as investors.
In the workshop, Naoki Tamaki, chief representative for the Middle East, JBIC, delivered a lecture titled “Basics of Project Finance A to Z.”
He explained the fundamental scheme and requirements of project finance for successful PPP projects.
Yasuhiro Hashimoto, executive officer and managing director, head of structured finance Europe, Middle East & Africa at Mizuho Bank Ltd., made a presentation on the bank’s perspectives of project finance markets.
The workshop at the ambassador’s residence was attended by top Saudi officials including those from the ministries of economy, finance, energy, industry, economy and planning, housing, SAGIA, PIF, SIDF, National Privatization Center, and other Japanese officials.
The workshop was part of a plan to boost cooperation within the framework of Saudi Vision 2030.
It focused on the transfer of know-how, experiences and expertise from Japan to the Kingdom.
The subject of project finance and PPP in infrastructure projects is one of the main components of mutual cooperation within the mandate of the “Joint Group for Saudi-Japan Vision 2030.” There is also a sub-working group within the joint group, which deals with investment and finance.
Ambassador Okuda said: “The Japanese government and companies have been largely contributing to the Kingdom’s mega projects.” He said the prime examples are the Petro Rabigh project and various independent power projects.
Okuda noted that the Japan Bank for International Cooperation (JBIC), the policy-based government financial institution, has a track record in the region in providing project finance.
He said Japanese mega banks, such as Mizuho Bank Ltd., also have vast experiences in project financing, as well as advisory services. Japanese trading and investment companies, such as Sojitz and Marubeni, and engineering contractor JGC have joined in some of the projects in the Kingdom as investors.
In the workshop, Naoki Tamaki, chief representative for the Middle East, JBIC, delivered a lecture titled “Basics of Project Finance A to Z.”
He explained the fundamental scheme and requirements of project finance for successful PPP projects.
Yasuhiro Hashimoto, executive officer and managing director, head of structured finance Europe, Middle East & Africa at Mizuho Bank Ltd., made a presentation on the bank’s perspectives of project finance markets.
The workshop at the ambassador’s residence was attended by top Saudi officials including those from the ministries of economy, finance, energy, industry, economy and planning, housing, SAGIA, PIF, SIDF, National Privatization Center, and other Japanese officials.
