With the signing of a basic agreement for a business partnership with Saudi Aramco (SAOC), Japanese cryptocurrency financial group SBI Holdings has announced it is considering a partnership with Saudi Arabia’s state-owned oil company.
Indeed, this partnership envisions the joint development of projects such as the construction of semiconductor factories on territories of both Japan and Saudi Arabia, as well as co-investing in each other’s digital asset portfolios, according to a report published on December 11.
Specifically, the collaboration would take place in three areas – cooperation and mutual investments in the cryptocurrency field, discovery and support of Japanese crypto startups interested in expanding to Saudi Arabia, and launch of projects related to semiconductors, such as establishing factories in both countries.
As it happens, SBI has been actively pursuing initiatives in the Middle East, particularly regarding the establishment of investment funds in partnership wi
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