BREAKING NEWS

Saudi prince to discuss reform drive in visits to China, Japan

By REUTERS

AUGUST 24, 2016 11:02

DUBAI - Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources said on Wednesday.

In April, Prince Mohammed launched radical economic reforms designed to develop non-oil industries in Saudi Arabia and attract billions of dollars of foreign investment. Chinese and Japanese banks and companies are expected to play major roles.

The prince will visit China early next week for talks on economic ties as well as security issues, the Saudi Gazette reported. He will then visit Japan from Aug. 31 to Sept. 3, meeting Prime Minister Shinzo Abe, Japan's Chief Cabinet Secretary Yoshihide Suga told reporters.

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