Japan, Saudi Arabia To Cooperate On Internet Of Things, Renewables

Japan, Saudi Arabia to cooperate on Internet of Things, renewablesJapan and Saudi Arabia agreed Sunday to advance bilateral cooperation in fields such as network-connected devices and renewable energy, Japanese officials said.

In the first meeting held in the Saudi capital to support the Mideast country's structural reform drive and help Japanese companies to make inroads, Japan's trade minister Hiroshige Seko said the occasion marks the beginning of bilateral cooperation in a concrete form.

If combined with the "Abenomics" economy policy mix being pursued by the government of Prime Minister Shinzo Abe, Saudi Arabia's reform efforts would create a "synergy" that yields great benefits, Seko said at the outset of the meeting.