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Marubeni confirms new projects in KSA

Logo of Marubeni (Supplied)
Logo of Marubeni (Supplied)
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13 Jan 2020 04:01:25 GMT9
13 Jan 2020 04:01:25 GMT9

Faris Alrushdu Riyadh

Japanese company Marubeni Corp. has reaffirmed its intention to implement several development projects in Saudi Arabia.

Speaking to Arab News, the company’s director of environmental infrastructure Tadashi Matsui said it will help revitalize national trade, industry and infrastructure development in the Kingdom.

Marubeni first established its office in Dammam around 60 years ago and has expanded to Jeddah and Riyadh.

The company began its business in the Kingdom in textile materials and has expanded into other commodity trades such as food, steel and petrochemicals.

Matsui said that Marubeni signed an important social contribution contract in the Kingdom in 2019 for independent water production with the Saudi Water Partnership Co.

Matsui said there were challenges when the company entered the Saudi market — which is culturally and commercially different to Japan — as communication requires more effort and some government measures take more time. 

He said that this is not the case anymore and he praised the successes achieved by Japanese companies working in the Kingdom.

Matsui praised the country’s promising investment opportunities as it realizes Vision 2030.

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