AS PUBLISHED IN THE JAPAN TIMES on September 22nd 2017
SAUDI ARABIA Vision 2030
Creating strategic partnership with Japan: Japan stands ready to help Saudi Arabia implement its wide-ranging Vision 2030 plan and to reduce the country's dependence on oil.
Japan and Saudi Arabia have a 62-year history of strong diplomatic, trade and business relations, but the signing of the comprehensive investment and socioeconomic development blueprint Saudi- Japan Vision 2030, in March 2017, signals a new exciting period as the two countries align to accelerate economic development in the kingdom.

Connections between the continental powerhouses are at an all-time high. Saudi Arabia is Japan's main investment destination in the Middle East, accounting for around 70 percent of its investments in the region; bilateral trade between the two reached a record $56 billion in 2015 and Japan is Saudi Arabia's third-largest trading partner.

Focus on Saudi Arabia
The Topics
Investment & Finance
Saudi Arabia is increasingly expanding its financial sector, as it looks to work with Japan to make high-value investments in both of their countries and further afield.
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Aerospace / Aviation
As Saudi Arabia and Japan strengthen their defense relations, Alsalam Aerospace Industries is "open to all collaborations."
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Education
Saudi Vision 2030 brings significant opportunities for investment and international partnerships in the education sector, as the role of educational development and its outcomes are aligned with labor market needs.
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Science
Investing in science and technology is vital for Saudi Arabia's development. The King Abdulaziz City for Science and Technology is at the heart of making it happen.
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Energy
With Saudi Arabia already having the highest demand for energy in the Middle East and growth in demand forecast at 7 percent a year, the sector offers increasing potential to Japanese investors.
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Health care
The kingdom's Saudi Vision 2030 development plan includes major changes for healthcare, which will set the sector on a fast trajectory to growth.
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Water sector
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Petrochemical industry
As the Saudi Arabian economy diversifies, the oil sector continues to offer signi cant investment potential, while leading players are also moving into new sectors, like water.
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Maritime logistics hub
Ports are central to Saudi Arabia's plan to become the regional logistics hub — so the Saudi Ports Authority is investing to make sure that their facilities and services are state-of-the-art and up to the task.
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Real estate
The real estate sector looks set to soar as the implementation of Saudi Vision 2030 boosts both the housing and hotel markets.
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