Japan's Abe seeks Saudi support for Aramco listing in Tokyo

Japan's Abe seeks Saudi support for Aramco listing in Tokyo

Japan's Abe seeks Saudi support for Aramco listing in Tokyo

The two countries on Monday also signed economic cooperation agreements in industry, energy and finance and on setting up a possible special economic zone in Saudi Arabia. Saudi Arabia is Japan's largest supplier of crude oil. The Council of Saudi Chambers is dispatching two business delegations during the king's visit to Japan and China, he said.

Saudi King Salman Abdulaziz Al Saud, the first monarch from the Middle East kingdom to visit Japan in 46 years, met Prime Minister Shinzo Abe at a summit yesterday.

In the joint statement, the two countries also pledged to pursue synergy effects of Saudi Vision 2030 and Abe's growth strategies for Japan.

It is an ambitious project, designed on the back of falling global oil prices, that will see the country invest in businesses around the world while expanding non-oil businesses and small and medium enterprises at home.

Japan has launched a diplomatic offensive at the highest level in an attempt to lure Saudi Aramco to Tokyo for its $100 billion initial public offering.

King Salman greeted and shook hands with the emperor and told him that he was happy to be visiting Japan. It included princes, Cabinet ministers, other members of the royal family and business leaders.

King Salman said: "I feel that this vision will further strengthen the strategic partnership between our countries".

Last month, the Saudi monarch went to Indonesia on his first trip outside the Middle East and North Africa since he visited the United States in 2015. "We must deepen serious dialogue between different religions and cultures, working with the worldwide community, to fortify the spirit of tolerance and coexistence".

On Tuesday, about 500 Japanese businesspeople and officials, including the king, plan to attend an economic forum in Tokyo organized by the Japan External Trade Organization, a government-affiliated commerce body.

They had a meeting and lunch together at the Imperial Palace also in February 2014, when Salman was crown prince.

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