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Abe, Saudi King Salman ink economic cooperation

The Yomiuri Shimbun

Prime Minister Shinzo Abe shakes hands with Saudi Arabia’s King Salman bin Abdulaziz ahead of their talks at the Prime Minister’s Office on Monday.

The Yomiuri Shimbun Prime Minister Shinzo Abe and Saudi Arabia’s King Salman bin Abdulaziz on Monday signed a document regarding cooperation to help end the Saudi Arabian economy’s dependence on oil.

The two leaders also agreed to cooperate for the stability of the Middle East, calling each other “strategic partners” during a meeting at the Prime Minister’s Office.

The document for cooperation lists nine priority areas for diversifying the Saudi Arabian economy, such as the entertainment and media industries, and infrastructure. To facilitate Japanese companies’ entry into Saudi Arabian markets, the document includes such measures as launching research to establish special economic zones and introducing a multiple visa system to allow businesspeople in Japan to travel to and from Saudi Arabia any number of times within a maximum of three years.

It is the first time in 46 years for a king of Saudi Arabia to visit Japan. King Salman is expected to meet the Emperor at the Imperial Palace on Tuesday.

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