Saudi King Visits Japan, Seeks Help on Diversifying Economy

13 Mar 2017   Japan, Saudi Arabia

King Salman and hundreds of business leaders from Saudi Arabia are in Japan for talks Monday mainly expected to focus on economic ties. The visit is the first by a Saudi king in 46 years, though Salman visited more recently as crown prince. Saudi Arabia is one of Japan’s biggest suppliers of crude oil, accounting for about a third of its total imports of oil from the Middle East. The kingdom is striving to diversify its economy away from its heavy reliance on oil exports, and Salman is on a month-long tour of Asia to advance his kingdom’s economic and business interests. Japan’s Chief Cabinet Secretary Yoshihide Suga told reporters Monday that Japan is willing to provide support for the economic power […]

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