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Politics

Japan sees opportunity in Saudi economic reforms

Government, private sector want to help curb kingdom's dependence on oil

Saudi Arabian Deputy Crown Prince Mohammed bin Salman, left, with Japanese Prime Minister Shinzo Abe in Tokyo last September.

DUBAI, United Arab Emirates -- As Saudi Arabia seeks outside help in diversifying its economy and training workers in non-oil sectors, Japan's government and private businesses are eager to seize new opportunities emerging in the Middle Eastern kingdom.

Last April, Deputy Crown Prince Mohammed bin Salman put forward the "Vision 2030" plan for economic reform. It includes selling shares of state-run oil company Saudi Arabian Oil, or Saudi Aramco, and pouring that money into a government investment fund.

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