Japan is pushing 9 companies specialized in gas, electricity, energy, iron and steel, automobiles, banking and contracting to increase their investments in Saudi Arabia.

Mr Yasuyuki Murahashi DG of Japan External Trade Organization said that emphasized that the need to increase trade exchange between the two countries now standing at SAR 136 billion.

Mr Murahashi said that "Japanese investors are ready to provide their expertise in various fields in order to build strong relations with Saudi businessmen. They also intend to invest in various economic sectors of the Kingdom."

In a previous meeting with Saudi businessmen in Riyadh, JETRO officials had called on Saudi and Japanese companies to set up joint projects, especially small and medium enterprises which constitute about 80% of members registered with the Riyadh Chamber of Commerce and Industry.

(Sourced from MENAFN)