Muscat, The strong bilateral relations between

the Sultanate and Japan are based on solid foundations supported by

the wisdom of the two countries’ leaderships, affirmed Mitsugu Saito,

Japanese Ambassador to the Sultanate.

In a statement to Al Roya newspaper today, he touched on the

visit of Sayyid Fahd bin Mahmoud al-Said, Deputy Prime Minister for

the Council of Ministers to Japan in 1997 and the visit of Sayyid

Haitham bin Tariq al-Said, Minister of Heritage and Culture in 2008, in

addition to the visit made by the Crown Prince and the Crown Princess

of Japan in 1994. He highlighted roots of the historic relations between

the Sultanate and Japan, which date back to more than 400 years.

He pointed out that a high-level delegation will visit the

Sultanate during the upcoming period to explore investment

opportunities and discuss mechanisms to deepen the existing

cooperation between the two countries in order to further develop

relations and push them towards the future.

He described the economic ties of the two countries as “very

strong” as Japan purchases large quantities of the natural resources,

such as crude oil and liquefied natural gas (LNG) from the Sultanate.

He added that the Japanese companies purchase about 10% of

Oman’s total oil production, equivalent to almost 100,000 barrels per

day, and nearly 30% of the Sultanate’s LNG production, about 3.2

billion cubic meters. He said that alliances led by Japanese companies

produce about 60% of the Sultanate’s production of electricity through

independent power projects (IPP), as well as producing 20% of the

total potable water in the Sultanate through independent water

projects.

The Japanese Ambassador to the Sultanate further said that the

volume of Japanese imports from the Sultanate in 2017 amounted to

about USD 2 billion, which is not limited to natural resources, such as

oil and natural gas, but also includes agricultural and fishery products,

such as beans and squid, where 90% of the beans available in Japan’s

shops during winter are imported from Oman. He added that the

volume of Japanese exports to the Sultanate in 2017 hit about USD 2.5

billion, so Japan is the second largest exporter to the Sultanate 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 expected to contribute to the goals of both the

Government of Japan and the Sultanate of Oman in cooperation with

Japanese investors.

The Japanese Ambassador to the Sultanate added that Duqm

Port enjoys great geopolitical importance and high potential because of

attractive incentives for investors.

He also referred to the Omani-Japanese cooperation in

education, health, technical, environmental and tourism fields.

Source: Oman News Agency