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Singapore and Saudi Arabia Launch Business Forum - ASHARQ AL-AWSAT English Archive
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Singapore (dpa) – Singapore and Saudi Arabia have launched a business forum aimed at identifying areas of cooperation, promoting networks and providing a channel for information exchange, the city- state’s trade body said on Monday.

Projects available in Saudi Arabia over the next 10 years are worth more than 400 billion US dollars.

The Saudi-Singapore Economic Cities Business Forum is co-chaired by Singapore’s Minister of State for Trade and Industry Lee Yi Shyan and Amr Abdullah al-Dabbagh, governor of the Saudi Arabian General Investment Authority, said IE Singapore, the trade promotion agency.

“With 25 million people and the world’s largest oil reserves, Saudi Arabia has also embarked on a number of economic diversification programmes,” said Lee at the launch for the forum in Jeddah during the weekend.

Singapore firm RSP Architects has been named master planner for the King Abdullah Economy City 200 kilometres north of Jeddah.

The city will feature a large port, industrial district and high- end tourism infrastructure.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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