Hundreds of Saudis attend Abe's banquet for King Salman

  • Hundreds of Saudis attend Abe's banquet for King Salman

Hundreds of Saudis attend Abe's banquet for King Salman

As India is readying itself to receive King Salman bin Abdulaziz Al-Saud later this year, Secretary (Economic Relations) Amar Sinha, at an event today, said India-Saudi Arabia relations were growing rapidly beyond the field of energy with both countries in talks to explore joint production.

During their 35-minute meeting, the two leaders agreed on a nine-point blueprint titled Saudi-Japan Vision 2030.

Specifically, the two governments will launch preparatory researches for the envisaged economic zone and joint investment in the artificial intelligence and big data markets in the Middle Eastern country.

The largest trip by a sitting Saudi King in over 50 years, the trip is a broad continuation of the Vision 2030 plan enacted to diversify the economy of the world's largest oil exporter.

Saudi authorities plan to list up to 5 percent of the world's largest oil producer on the Saudi stock exchange in Riyadh, the Tadawul, and also one or more worldwide markets.

King Salman greeted and shook hands with the emperor and told him that he was happy to be visiting Japan.

They include more than 1,000 Cabinet ministers, corporate executives and royal family members. This is why Saudi leaders seek closer cooperation with the two countries in these areas.

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

The two countries will also work together in sea water desalination projects, and initiatives to promote Saudi art and culture. Deputy Crown Prince Mohammed bin Salman, the king's son, is spearheading the effort, announced previous year and dubbed Vision 2030.

President Joko Widodo of Indonesia and Prime Minister Najib Razak of Malaysia have both stated that counter-terrorism and combating extremism was one of the key points touched in meetings with the Saudi delegation.

He said: "We are, too, a fundamental partner in this war".

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.

The King was awarded the Order of the Chrysanthemum, Japan's highest order, by Emperor Akihito.