Saudi Arabia ties up with Japan’s biggest bank to boost financial skills among youth

Saudi Arabia ties up with Japan’s biggest bank to boost financial skills among youth
Mitsubishi UFJ Financial Group (MUFG) will help to promote the development of financial skills among Saudi young people. (Reuters)
Updated 15 January 2018

Saudi Arabia ties up with Japan’s biggest bank to boost financial skills among youth

Saudi Arabia ties up with Japan’s biggest bank to boost financial skills among youth

LONDON: Saudi Finance Minister Mohammed Al-Jadaan on Sunday signed a deal with Japan’s biggest financial group to boost the financial skills of the Kingdom’s youth

The initial agreement was struck with Mitsubishi UFJ Financial Group (MUFG) to promote the development of financial skills among young people.

“It will strengthen and promote the growth of human capital in the Kingdom through knowledge transfer in the financial sector, in line with international best practice,” said Al-Jadaan. “It will also strengthen Saudi Arabia’s position in the regional and international financial community.”

It forms part of the finance ministry’s Advanced National Talent Development Program.

The program aims to boost the “professional capabilities and technical skills” of young Saudis, according to a statement carried by the Saudi Press Agency.

It focuses on accounting, taxation, economics, financial analysis, project management, legal consultation, marketing and communications, information technology among other disciplines.