Saudi FII Heads to Tokyo in Latest Sign of Deepening Asia Ties

The organizer of Saudi Arabia’s biggest investment summit plans to take a new version of the event to Tokyo as the kingdom seeks to deepen ties with Japanese financial institutions.

The Future Investment Initiative Institute plans to hold the FII Priority Asia Summit in Japan’s capital in partnership with Sumitomo Mitsui Banking from Nov. 30-Dec. 1, according to a spokesperson for FII. The event — dubbed by some as “Davos in the desert” — is expected to gather top firms including Mitsubishi UFJ Financial Group Inc.

Officials from both governments and the $1 trillion Saudi sovereign wealth fund are also ...