Saudi Arabia-Japan Vision 2030 Business Forum in Tokyo
Over 300 industry officials and leaders gathered in Tokyo for the Saudi Arabia-Japan Vision 2030 Business Forum to discuss ways to enhance trade, investment, and cultural ties between the two nations.
Keynote Speech by Saudi Arabia’s Deputy Minister
In her keynote speech, Sara Al-Sayed, Saudi Arabia’s deputy minister of international partnerships at the Ministry of Investment, highlighted plans for increased collaboration under the Saudi-Japan Vision 2030. She emphasized the importance of leveraging mutual strengths, driving sustainable economic growth, enhancing technological innovation, and promoting cultural exchange.
High-Level Attendees and Speeches
The forum was attended by Saudi Arabia’s Minister of Investment Khalid Al-Falih, Minister of Energy Prince Abdulaziz bin Salman Al Saud, and Japan’s Minister of Economy, Trade and Industry SAITO Ken. Each official delivered speeches commemorating the strong relationship between the two countries.
Commitment to Business Expansion
Japanese government officials expressed their full support for expanding business with Saudi Arabia, while Saudi officials emphasized the Kingdom’s commitment to bringing collaborations to the forefront and advocating for mutual aspirations in various forums.
Opportunities for Japanese Companies
Saudi Arabia’s Minister of Investment highlighted the Kingdom’s growing non-oil income and the significant investment opportunities available, including participation in projects such as hosting Expo 2030 in Riyadh, the Winter Olympics in NEOM, and the World Cup 2034.
Focus Areas of the Forum
Sessions at the forum covered topics such as manufacturing collaboration, sustainability, entertainment industries, and healthcare cooperation between Saudi Arabia and Japan. A specific focus was placed on the digital entertainment sector, with discussions on building a local gaming industry and expanding esports in Saudi Arabia.
Growth of Saudi Arabia’s Gaming Sector
Saudi Arabia’s gaming sector is projected to reach $1.3 billion in the next two years, with a significant number of gaming companies operating in the Kingdom. The country is hosting the Esports World Cup this year, with a substantial prize pool to further boost the sector.
Collaboration with Japanese Companies
Saudi Arabia has previously collaborated with Japanese companies to enhance the quality of projects and elevate the digital entertainment industry. This partnership has provided the Kingdom with expertise, knowledge, and cutting-edge technologies to drive innovation in the sector.