Singapore and Saudi Arabia elevate relations to strategic partnership

by ADeeL

Saudi Gazette report

RIYADH — Prime Minister Lee Hsien Loong of Singapore prolonged an invite to Crown Prince and Prime Minister Mohammed Bin Salman to go to to Singapore at a mutually handy date, as outlined in a joint assertion following the conclusion of the bilateral talks.

The leaders reviewed historic ties and elevated their relations to a Strategic Partnership, emphasizing deepened cooperation throughout varied sectors.

Acknowledging Saudi help for Singaporean pilgrims throughout the Hajj, Prime Minister Lee expressed his gratitude.

Singapore expressed its help for the Kingdom’s bid to host the 2034 World Cup. The Saudi-Singapore Joint Committee (SSJC) progress was lauded, with discussions on connectivity, digital economic system, power, and trade.

Within the financial realm, the leaders addressed challenges within the world economic system, noting a 51% progress in bilateral commerce worth in 2022.

They emphasised the significance of leveraging the Gulf Cooperation Council – Singapore Free Commerce Settlement and intensifying collaborations in power, digital economic system, monetary companies, agriculture, meals industries, and transport.

Power cooperation was emphasised, specializing in safety of provide and low-carbon options. The Power Cooperation Roadmap, stemming from a Memorandum of Understanding, will discover clear hydrogen, carbon seize, renewable power, and innovation.

The leaders dedicated to addressing local weather change, supporting Saudi initiatives, and adhering to the Round Carbon Economic system strategy.

Cooperation in protection and safety, combating crimes, and strengthening ties in worldwide boards had been underscored.

Each nations expressed aspirations for enhanced cooperation in surroundings, water, agriculture, digital economic system, connectivity, tourism, tradition, training, well being, and youth.

The 2 sides agreed to reinforce cooperation within the protection and safety fields and coordinate on problems with frequent curiosity, together with combating crimes in all kinds, which contributes to reaching safety and stability within the two nations.

The 2 sides emphasised strengthening cooperation in worldwide boards and worldwide monetary organizations to reinforce efforts addressing the challenges dealing with world economic system.

The 2 sides expressed their aspiration to reinforce cooperation and data sharing within the areas of fintech and innovation between the Saudi Central Financial institution and the Financial Authority of Singapore.

In worldwide affairs, the 2 sides renewed their dedication to help and intensify efforts to take care of worldwide peace and safety.

They exchanged views on problems with mutual concern within the regional and worldwide arenas and reaffirmed their dedication to reinforce cooperation in combating extremism, fanaticism, hate speech and terrorism, together with selling moderation, tolerance, and inter-faith concord.

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