SPECIAL REMARKS BY THE MINISTRY OF ECONOMY, TRADE, AND INDUSTRY

Ryosei Akazawa, the minister of economy, trade and industry, addresses the gathering of ministers and business leaders. The discussion centers on the 70th anniversary of diplomatic relations between Japan and Saudi Arabia. Saudi Arabia aims to diversify its economy through Vision 2030, and Japan is actively cooperating. Over 300 agreements have been signed in various sectors, including decarbonization and finance. The Japan-Saudi Lighthouse Initiative promotes Saudi Arabia as a clean energy hub. Both countries are collaborating on the Riyadh Expo 2030, focusing on technology like AI and autonomous driving. Strengthening financial ties is crucial for future endeavors. The PIF and Japanese institutions have reached a significant cooperation agreement. The Expo 2025 Osaka-Kansai showcased Saudi Arabia's commitment and fostered exchanges. The minister hopes to further strengthen the bond between the two countries.