Saudi Arabia, Japan to strengthen bilateral relations in all fields: Japanese PM Kishida 

Deputy Governor of Mecca Region, Prince Badr bin Sultan bin Abdulaziz, meets with Japan's Prime Minister, Fumio Kishida at King Abdulaziz International Airport in Jeddah. (Reuters via SPA)
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Updated 16 July 2023
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Saudi Arabia, Japan to strengthen bilateral relations in all fields: Japanese PM Kishida 

  • Kishida stressed the importance of the “strategic” partnership
  • Saudi Arabia, the UAE, and Qatar are responsible for over 80 percent of Japan’s total crude oil imports

RIYADH: Bilateral relations between Saudi Arabia and Japan are on track to strengthen, according to Japanese Prime Minister Fumio Kishida, who started his three-day visit to the Middle East on Sunday.  

In a statement to Al-Riyadh newspaper, Kishida stressed the importance of the “strategic” partnership, which has witnessed steady growth over the years to include many sectors besides oil.  

The prime minister also noted that the Kingdom supplies Japan with about 40 percent of its crude oil needs, which further highlights the importance of a strategic collaboration between the two countries.  

In addition, Kishida spoke about the Kingdom’s pioneering role in the Arab and Islamic world and its continuous attempts to establish peace and security in the region.  

He also stressed Japan’s keenness to work closely with the Kingdom in providing expertise and modern technologies within the framework of the Saudi-Japanese Vision 2030, which was launched by the two countries back in 2016.  

With the participation of more than 60 ministries and government agencies from the two countries, the joint vision is based on developing over 100 projects.    

Kishida’s arrival in Saudi Arabia on Sunday is the first by a Japanese leader since the late Shinzo Abe visited in 2020. He will also be visiting the UAE and Qatar as part of his three-day visit.

The trip is intended to help Japan develop its ties with Gulf Cooperation Council countries and build cooperation in various fields, particularly energy.  

Saudi Arabia, the UAE, and Qatar are responsible for over 80 percent of Japan’s total crude oil imports.  

Amid Russia’s war with Ukraine, which has caused energy supply concerns, Kishida is expected to urge the Arab countries to stabilize the oil market by increasing production.   

With the UN Climate Change Conference, or COP 28, in the UAE later this year, Kishida also plans to discuss cooperation on cutting greenhouse gas emissions by promoting the transition to hydrogen power.  

This comes as Japan actively develops greener and renewable energy technologies to be carbon neutral by 2050. 


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.