KSA ‘perfect place for Japanese investment’

Crown Prince Salman, deputy premier and minister of defense, held talks with Japanese Defense Minister Itsunori Onodera and Economy, Trade and Industry Minister Toshimitsu Motegi covering a wide range of topics in Tokyo on Thursday.
The meeting reviewed bilateral relations and cooperation and matters of mutual interests. Motegi and the crown prince stressed the strong economic relations between the Kingdom and Japan. Motegi said that such visits would further strengthen the two-way relations.
During his meeting with Arab ambassadors, Crown Prince Salman commended the distinguished relations between Riyadh and Tokyo.
The crown prince was given a presentation titled Invest in Saudi Arabia made by SAGIA Gov. Abdullatif Al-Othman.
The presentation spelled out the various reasons for investing in strategic sectors where the Kingdom enjoyed comparative advantages.
Saudi Arabia is at the heart of the Middle East and North Africa (MENA) region that has a 400 million-strong population.
One of the world’s 20 largest economies, and No. 1 in the MENA region, Saudi Arabia ranks 22nd among 185 countries identified for conducting business with ease, according to the International Finance Corporation and World Bank’s ‘Doing Business’ report in 2013.
Saudi Arabia is also the largest free market in the Middle East, accounting for 25 percent of the total Arab GDP, the largest oil reserves worldwide (25 percent) and the lowest energy prices for investment projects.
Thus, Saudi Arabia is an ideal destination for projects that are dependent on energy.
Saudi Ambassador to Japan Abdulaziz bin Abdulsattar Turkistani hosted a dinner banquet in honor of the crown prince.