The Clap
Japanese and Saudi private companies signed 15 agreements during the Saudi-Japanese Investment Forum.
What
The Saudi Minister of Investment Khaled Al-Falih said that KSA and Japan signed two agreements in the field of energy, hydrogen, and ammonia.
He added that Saudi Arabia is planning to build the 5 largest complexes for marine industries in the world in the city of Ras al-Khair.
So What
Japan is one of the three largest investing countries in KSA, holding billions of dollars worth in investments in Jubail factories and electrical appliances in addition to several other sectors.
Now What
The Saudi Ministry of Energy revealed that it had signed a memorandum of cooperation with Japan in the fields of the circular carbon economy, clean hydrogen, ammonia fuel, and its derivatives.
