Saudi king brings 2 golden escalators to Japan, because luxury

Saudi king brings 2 golden escalators to Japan, because luxury

The Saudi king has been visiting Japan since Sunday, marking the first trip to the country by a Saudi king in 46 years.

At the outset of the meeting, Salman said he believes the joint statement "will further strengthen the strategic partnership of the two countries". The economic program, though, could pave the way for a new business relationship between the countries.

Specific projects on which the two countries plan to work together include the following: establishing a joint research group to consider listing Saudi Arabia's state-owned oil company Saudi Aramco on the Tokyo Stock Exchange, demonstration testing of desalination by Japan's New Energy and Industrial Technology Development Organization and a Saudi public corporation and holding a "Japanese culture week" in the Saudi capital of Riyadh in April.

Saudi Arabia is Japan's biggest oil supplier and Japanese refineries and other oil importers bought about $2.2 billion worth of Saudi oil in January.

Ahead of Abe's meeting with the king, Chief Cabinet Secretary Yoshihide Suga had glowing words for Saudi Arabia, calling it "the linchpin of the Middle East".

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Tokyo, March 13 (Jiji Press)-The Japanese and Saudi Arabian governments announced Monday a cooperative initiative to promote the Persian Gulf state's structural reform to reduce its dependence on oil exports.

Saudi Arabia is India's fourth largest trade partner and the country imports around 19 per cent of its crude oil requirement from Saudi.

Custodian of the Two Holy Mosques King Salman looks at the medals of the Order of the Chrysanthemum, Japan's highest order, awarded to him by Emperor Akihito in Tokyo on Tuesday. "When the King visited Japan, he had a meal with my grandfather at his private residence in Gotemba", he said. The two governments will also explore setting up special economic zones in Saudi Arabia, with tax breaks and looser regulations that could benefit Japanese companies.

Groundwork for the strategy began last August when Mr Abe met Saudi Deputy Crown Prince Mohammed Salman in Tokyo. King Salman will next visit China during his tour of Asia.