KSA is the largest economy amongst Middle-Eastern countries and is expected to grow steadily under “Saudi Vision 2030", a long-term national growth plan that was announced in April 2016.

From an energy policy perspective, KSA is also one of the most important countries to Japan. Over 30 per cent of Japan's total oil and gas imports come from Saudi Aramco.

The deal will drive collaboration between MUFG and Saudi Aramco as we explore opportunities to support the firm's transformation and enter into mutually beneficial areas, as part of Saudi Aramco's contribution to KSA's Vision 2030.