Saudi Gazette report

RIYADH — Saudi Arabia and Singapore signed seven Memorandums of Understanding (MoUs) throughout varied sectors in the course of the third session of the Saudi-Singapore Joint Committee held in Riyadh on Tuesday.

The co-chairmanship of the session was led by Minister of Transport and Logistic Companies, Eng. Saleh Al-Jasser and Singapore’s Minister of Manpower and Second Minister for Commerce and Business Tan See Leng.

Key agreements included an MoU between the Federation of Saudi Chambers and the Singapore Enterprise Discussion board, signaling a dedication to strengthen enterprise ties.

One other notable settlement was signed by the Saudi Requirements, Metrology, and High quality Group (SASO), specializing in standardization and coordination.

The Ministry of Funding additionally inked an MoU aimed toward fostering cooperation and facilitating investments between Singaporean and Saudi corporations.

The agreements additional encompassed coaching and growth alternatives inside the Kingdom and explored funding prospects inside the training sector.

Among the many highlighted MoUs, two had been signed within the fields of ports, transportation, and logistics companies, demonstrating a dedication to advance connectivity and logistical effectivity.

Moreover, an settlement was reached to develop funding in Riyadh’s industrial sector and promote development within the well being and health sectors.

Al-Jasser, in his opening speech, emphasised the strong bilateral relationship spanning virtually six a long time.

He famous the constructive affect of earlier agreements, contributing to a notable 50% enhance within the commerce quantity between the 2 nations in 2022, reaching roughly SR45.2 billion.

The session underscored the dedication to additional collaboration in financial, funding, and industrial spheres.

Al-Jasser expressed eagerness to broaden cooperation in areas corresponding to infrastructure, transport, logistics companies, financing, funding, vitality, business, the digital economic system, tourism, tradition, and social sectors.