Japan Pledges Closer Saudi Ties as It Courts Aramco Listing

Saudi King Salman left rides on a golf cart with Indonesian President Joko Widodo during their meeting at Merdeka Palace in Jakarta Indonesia Thursday

Japan Pledges Closer Saudi Ties as It Courts Aramco Listing

He pointed out that the visit means a lot for the Japanese, in general, and the Japanese Muslims, in particular, hailing the well-established cooperation between the two countries, according to Saudi Press Agency (SPA). The king himself is staying at Tokyo's State Guest House.

On the sidelines of the King's visit, the Saudi Stock Exchange "Tadawul" and the Japan Exchange Group, Inc. The economic program, though, could pave the way for a new business relationship between the countries. "The 1,000-strong group is just fantastic", Abe said during a meeting with ruling party lawmakers last week, according to informed sources.

Japan's Prime Minister Shinzo Abe asked Saudi Arabia's King Salman on Monday to support a listing of oil giant Aramco's shares in Tokyo, as financial centers in Asia and elsewhere step up efforts to win the coveted $100 billion listing.

Japan's cooperation will mainly cover nine areas including infrastructure development and the strengthening of industrial competitiveness.

The visit marks the first to Japan for a Saudi king in 46 years, since King Faisal's visit in 1971. They also agreed to cooperate for stabilizing Middle East situations.

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".

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. The two leaders then met and agreed to explore ways to bolster economic cooperation.

At the outset of the meeting, Salman said he believes the joint statement "will further strengthen the strategic partnership of the two countries".

"I feel a deep connection to Saudi Arabia".

Saudi Arabia's King Salman bin Abdulaziz al-Saud has been touring Asia. and his latest stop in Japan was pure luxury.

The king told the Emperor through an interpreter that he is very glad to visit Japan, which he called his "second home".

He will also be hosted to a lunch banquet by Emperor Akihito.

In September previous year, Emperor Akihito held talks with the king's son, Deputy Crown Prince Mohammed bin Salman, at the Imperial residence.

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