https://arab.news/835kq
TOKYO: The Saudi Export Development Authority, under the identity of ‘Made in Saudi Arabia,’ organized the activities of a trade mission to Japan, which took place on Aug. 8 in the capital, Tokyo.
This initiative falls within the organization’s efforts aimed at developing non-oil Saudi exports. It stems from its role in promoting exporters and their products, encouraging Saudi products, and enhancing their competitiveness to reach international markets.
More than 22 companies from the Kingdom and over 73 Japanese companies from the services and food sectors participated in the Saudi Trade Mission to Japan.
The mission seeks to enhance economic and trade relations between the two countries and explore new avenues of cooperation that support the entry of national products and services into the promising Japanese market.
The mission included bilateral meetings, business matching sessions, agreements, and memoranda of understanding between the Saudi and Japanese sides.
Saudi Arabia’s non-oil exports to Japan between 2018 and 2022 amounted to SR16.42 billion ($4.38 billion) with last year registering SR3.72 billion.
The chemical and polymers sector led the way with exports worth SR1.72 billion, followed by the construction materials sector with SR1 billion.
The participation of Saudi Exports in this trade mission, which opens up numerous export opportunities, reaffirms its strong commitment to promoting exporters and their products, facilitating connections between exporters and potential buyers.
This effort contributes to stimulating the growth of non-oil Saudi exports, fostering greater international market engagement, and serving as a conduit for the national economy.
These endeavors align with the objectives of Saudi Exports and translate into the Kingdom’s Vision 2030, diversifying income sources for the national economy.