Sunday, 17 Nov 2019 | 20 Rabi Al Awwal 1441
Oman, Japan have robust ties: H E Saito

Oman, Japan have robust ties: H E Saito

H E Saito touched on the go to of H H Sayyid Fahd bin Mahmoud al Said, Deputy Prime Minister for the Council of Ministers to Japan in 1997 and the go to of H H Sayyid Haitham bin Tariq al Said, Minister of Heritage and Culture in 2008, in addition to the go to to Oman by the Crown Prince and the Crown Princess of Japan in 1994.

He mentioned that roots of the relations among Oman and Japan date back to much more than 400 years.

H E Saito mentioned that a higher-level Japanese delegation will go to Oman in the coming days to discover investment possibilities and talk about mechanisms to deepen the current cooperation among the two nations.

He described the financial ties of the two nations as ‘very strong’ as Japan purchases big quantities of organic sources, such as crude oil and liquefied organic gas (LNG) from Oman.

H E Saito mentioned that Japanese businesses buy about ten per cent of Oman’s total oil production, equivalent to nearly 100,000 barrels per day, and almost 30 per cent of LNG production which is about three.2bn m3.

 

He mentioned that alliances led by Japanese businesses create about 60 per cent of Oman’s electrical energy production by means of independent energy projects (IPP), as nicely as creating 20 per cent of the total potable water by means of independent water projects.

H E Saito mentioned that the volume of Japanese imports from Oman in 2017 amounted to about US$2bn, which is not restricted to organic sources, such as oil and organic gas, but also agricultural and fisheries goods, such as beans and squid. “Ninety per cent of the beans available in outlets in Japan during winter are imported from Oman.”

He added that the volume of Japanese exports to Oman in 2017 touched about US$two.5bn.

“So, Japan is the second largest exporter to Oman after the UAE.”

He added that in 2015, Japan launched a new investment structure with the GCC states, namely the Gulf-Japan Food Fund (GJFF), which is anticipated to contribute to the targets of each the Government of Japan and the Sultanate of Oman in cooperation with Japanese investors.

H E Saito added that Duqm Port has fantastic geopolitical value and higher prospective for investors.

He also referred to the Omani-Japanese cooperation in education, wellness, technical, environmental and tourism fields.

Information Source: Muscat Daily

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