Japanese bank in deal with SAGIA to promote investments in Saudi | ZAWYA MENA Edition:
Japan’s MUFG Bank has signed an agreement with Saudi Arabian General Investment Authority (SAGIA) to promote Japanese investments in the kingdom.
Based on the new agreement, MUFG will focus on enhancing bilateral cooperation in new areas and support Japanese businesses and investors in the kingdom with a broader range of on-the-ground services, a statement from the bank said.
SAGIA’s focus is to oversee investment affairs in the kingdom, including foreign investments.
The Japanese seem to be keen on investing in Saudi Arabia’s tourism and entertainment sectors.
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