Japan and Saudi Arabia on Sunday signed a memorandum on Japan’s cooperation in infrastructure building for the water business in the country, government officials said Monday.
Tadahiro Matsushita, vice minister of economy, trade and industry, who is currently visiting Saudi Arabia, signed the memo, the officials said.
Amid rapid population growth and urbanization, Riyadh is suffering from chronic water shortages, and construction of infrastructure for water supply and sewage continues to be an important task for Saudi Arabia.
Japan intends to promote the export of its infrastructure building technology and knowhow as one of the pillars of its economic growth strategy, and has been actively pursuing orders from Saudi Arabia for a packaged project, which includes the construction of a water treatment facility plus operation and maintenance, the officials said.
Tokyo intends to give a boost to Japanese firms seeking to make a foray into Saudi Arabia’s water business market, they added.