Deputy Crown Prince Mohammed bin Salman

Prince Mohammed’s visit to China, Japan will gain support for Vision 2030

The upcoming visit of Deputy Crown Prince Mohammed bin Salman to China and Japan will boost ties with the two countries and gain support for Vision 2030, say economists.

Abdul Aziz Hifni, head of the contractors’ committee at the Jeddah Chamber of Commerce and Industry, said the visit would boost the deputy crown prince’s efforts to diversify sources of income and create development projects, and thus turn Vision 2030 into a reality.

“I am optimistic about the positive outcomes of the meeting (with Chinese officials), as China, thanks to its advanced technologies and capacities, has been able to build a skyscraper within 60 days,” he said. “For this reason, we need to establish a joint council that brings together contractors from both countries to launch successful development projects,” he said.

“The challenges that face development projects and delay in their implementation hinder the ability to benefit from experiences and skills in this field,” he said.

According to Talat Hafiz, secretary-general of Media and Banking Awareness Committee of Saudi banks, the visits would boost joint cooperation, especially in economic and developmental fields.

“The visit of Deputy Crown Prince Mohammed bin Salman to the United States and France brought many opportunities for foreign investment in the Kingdom, as well as support for local development and knowledge transfer, all of which supports Vision 2030 objectives. I expect the same positive results from the visits to China and Japan, as they are strategic partners to the Kingdom as well,” he said.

Habeeballah Turkistani, professor at the College of Management and Economics at King Abdul Aziz University, said the visit of the deputy crown prince to China and Japan is especially important for the Kingdom to realize the goals of Vision 2030, as it will increase joint strategic cooperation between Riyadh, and Tokyo and Peking.

“The visit is part of a strategic plan to realize Vision 2030 and build partnerships with economically, technologically and developmentally advanced economies,” he said.

“Japan and China are two economically important countries that rank second and third after the United States.”

Economic, political and strategic relations between the Kingdom and these two countries have been strengthened over the past 50 years. They are based on respect, exchange and joint interests.

Economic ties between the Kingdom and the two countries passed through a critical stage in 1957, when the Kingdom granted concession for oil exploration to a Japanese company.

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