Saudi Arabia confirms facilitating promising investment opportunities for Japanese companies across various sectors
Saudi Arabia is currently working on providing an advanced investment environment that supports Japanese companies by offering promising opportunities in key sectors such as energy, industry, health, and entrepreneurship.
The Minister noted, during the Saudi-Japanese Investment Ministerial Forum, that the growth of trade exchange with Japan achieved a significant increase of 38% from 2016 until the end of 2024, with this exchange totaling over 138 billion Saudi riyals (approximately 36.8 billion US dollars). He added that this growth has made Japan top the list of Saudi Arabia’s trading partners in the energy, petroleum, and gas sector, ranking third globally.
He explained that the Kingdom is striving to increase the level of Japanese investments in the Kingdom during the coming period, noting that the Kingdom recorded significant growth in the size of its economy during the last ten years, equivalent to a major doubling. He also noted that Foreign Direct Investment (FDI) inflows have doubled since the launch of Saudi Vision 2030, reaching approximately 120 billion riyals by the end of 2024, with total foreign investment at about one trillion riyals.
(The typical exchange rate for the US dollar against the Saudi riyal is 3.75 riyals).
Source: Al-Eqtisadiah
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