Riyadh — Finance Ministers of Saudi Arabia and Singapore recently held discussions to explore opportunities for bilateral cooperation between the two countries. During the meeting, they emphasized the importance of strengthening economic ties and fostering collaboration in various sectors.
The ministers discussed potential areas of cooperation, including trade and investment, finance and banking, infrastructure development, technology, and tourism. They expressed mutual interest in promoting trade flows and exploring investment opportunities that can benefit both economies.
The meeting also touched upon enhancing financial cooperation, such as facilitating financial transactions and encouraging partnerships between financial institutions of both countries. They highlighted the potential for collaboration in Islamic finance, given Saudi Arabia’s expertise in this sector and Singapore’s position as a leading global financial hub.
Furthermore, the ministers discussed the importance of fostering innovation and digital transformation in their respective economies. They explored avenues for sharing knowledge and best practices in areas such as financial technology (fintech) and digital payments.
Overall, the discussions between the Saudi and Singaporean finance ministers underscored the commitment to strengthening bilateral ties and exploring opportunities for economic cooperation between the two countries.
