Task force team eyes Saudi industrial projects

Task force team eyes Saudi industrial projects
Updated 19 June 2013

Task force team eyes Saudi industrial projects

Task force team eyes Saudi industrial projects

The Japan-Saudi Arabia Industrial Cooperation Joint Task Force is now engaged in a series of interviews with Saudi major companies. The objective of this activity is to understand needs of Saudi industry for Japanese products or technologies that would improve added value of Saudi business. The task force is going to utilize its result for their following activities of business matching between Saudi and Japanese companies.
The interviews started on June 8 by the first delegation of the task force. They conducted 16 interviews until June 12 in Riyadh and Jeddah. Now the second delegation is conducting 13 interviews in the Eastern Province and Riyadh. They conducted similar activities in 2009 and 2011, and this is the third mission.
The Japan-Saudi Arabia Industrial Cooperation Joint Task Force was established in 2007 in accordance with a joint statement issued by Custodian of the Two Holy Mosques King Abdullah and Japanese Prime Minister Shinzo Abe. Both Japan and Saudi Arabia have organized task force teams which consist of governmental organizations and private sectors to promote industrial cooperation.
The Japan task force team has been promoting Japanese investment and joint venture projects in Saudi Arabia, focused primarily on the manufacturing industry with the cooperation of its Saudi counterpart, the National Industrial Cluster Development Program (NICDP). The NICDP is a subordinate organization of the Ministry of Commerce and Industry. As a result of their efforts, six investment projects, including the investment made by Isuzu, have materialized.