Saudi Arabia's social and economic changes, in accordance with its Vision 2023, have also increased the number of corporate investment options for firms looking to form joint ventures. As Japan's reliance on the Middle East for crude oil imports has grown over time, the region's peace and stability have become critical.
According to Abbas, a safe Japanese and global economy requires a "stable Middle East." “An integral part of Vision 2030 is that we cannot succeed alone,” he added. Abbas stated at the GLOBIS annual G1 event that with the war in Ukraine, "Japan's dependency on oil from the region has increased."
Abbas credited the Kingdom's transition achievement to its "reliable allies," noting that Japan has been a key partner.
“When the vision was imagined, Japan was one of the few countries in the world that were looked at as a role model,” he said.
The Editor-in-Chief added: “Japan is a country that is very much proud of its past and its tradition. Yet it’s managed to embrace modernity, embrace technology, be a pioneer in technology without allowing modernity to really ruin or corrupt the spirit or the culture or the traditions of the Japanese.”In Saudi Arabia, Abbas said, that was a “very good model to follow, because we are also very much proud of our past, very much proud of our traditions, very much proud of our culture.” “We are now one of the world’s leaders in many technological aspects in modernity. But we don’t want to let go of our heritage, history and culture,” he explained, as per arab news.
Sarah Alofaysan, General Manager of Saudi Telecom Company's (STC) Leaders School, also spoke at the panel, telling the audience that corporate education played a significant part in the Kingdom's transition.