Saudi Arabia, Japan forge digital economy partnership with landmark MoU

Saudi Minister of Communications and Information Technology Abdullah Al-Swaha and Japanese Digital Transformation Minister Kono Taro signed the MoU at the Digital Agency office in Tokyo. Photo/Supplied
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Updated 12 October 2023
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Saudi Arabia, Japan forge digital economy partnership with landmark MoU

RIYADH: Saudi Arabia and Japan signed a memorandum of understanding formalizing their commitment to advancing the digital economy and enhancing digital government services. 

According to the Ministry, the MoU encompasses various cooperative efforts, including digital platforms, e-signatures and documentation. 

This partnership will encompass collaborative initiatives in research and innovation, with a dedicated team developing digital services for the government. 

Furthermore, both nations have committed to exchanging best practices and policies to promote using the latest technologies in businesses. 

Saudi Minister of Communications and Information Technology Abdullah Al-Swaha and Japanese Digital Transformation Minister Kono Taro signed the MoU at the Digital Agency office in Tokyo. 

Established in 2021, the Digital Agency is a government agency spearheading digitization of Japan’s public sector initiatives. 

This strategic collaboration represents a significant milestone in the cooperative efforts between Saudi Arabia and Japan in the ever-evolving digital domain. 

Al-Swaha and a delegation representing the Kingdom’s digital economy, space and innovation sectors also met ministers from other countries and UN officials in Japan. 

According to the Saudi Press Agency, he met with UK Minister of State for Data and Digital Infrastructure Sir John Whittingdale to enhance the partnership between the two countries in digital economy growth, innovation and research and development. 

At a separate meeting with International Telecommunication Union Secretary-General Doreen Bogdan-Martin, the minister discussed prospects for expanding effective partnerships and existing initiatives to support the growth of the region’s digital economy. 

During his meetings, he also met Li Junhua, the UN under-secretary-general for economic and social affairs, to gather the picture of the digital economy. 

In July, Saudi Arabia and Japan set the stage for strong trade ties by exchanging 26 pre-signed economic agreements between the two nations.  

The signed deals encompassed healthcare, clean energy, mining and digital innovation sectors. 

This exchange marks the growing bilateral relationship led by Japanese Prime Minister Fumio Kishida, who visited the Kingdom in July to promote the island state’s major local companies and explore more profound opportunities to collaborate with the Kingdom. 


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.