Enhancing Cooperation: Singapore and Saudi Arabia Establish New Bilateral Partnership
Singapore and Saudi Arabia have established a new bilateral partnership body at the highest levels of leadership, aimed at enhancing cooperation in various areas such as economic, defense, and people-to-people ties. The foreign ministers of both countries signed a memorandum of understanding on Wednesday to create the Saudi-Singapore Strategic Partnership Council, to be co-chaired by Singapore Prime Minister Lawrence Wong and Saudi Crown Prince Mohammed Bin Salman. This partnership marks a significant milestone in the relationship between the two nations.
A New Era of Collaboration
The establishment of the Saudi-Singapore Strategic Partnership Council was first announced during former Prime Minister Lee Hsien Loong’s visit to Saudi Arabia in October 2023. This partnership is not only Singapore’s first with a Middle Eastern country but also Saudi Arabia’s first with a Southeast Asian nation. The creation of this council will pave the way for the heads of government of both countries to meet regularly and set strategic directions for bilateral cooperation.
Strengthening Ties Across Various Sectors
According to Singapore Foreign Affairs Minister Vivian Balakrishnan, the strengthening of ties with Saudi Arabia comes at a most timely moment. Over the past 14 months, both countries have seen an exchange of 14 ministerial-level visits, demonstrating a commitment to deepening their cooperation. Economically, Saudi Arabia is a significant trading partner for Singapore, with bilateral trade in goods reaching S$10.6 billion in 2023 and continuing to grow.
Beyond Economic Cooperation: A Shared Vision for Peace
The partnership between Singapore and Saudi Arabia extends beyond economic cooperation. Saudi Arabia holds immense significance for Singapore’s Muslim community as the custodian of the two Holy Mosques in Mecca and Medina. Singapore is grateful for Saudi Arabia’s commitment to the safety and well-being of Singaporean pilgrims. Additionally, both countries recognize the importance of working together towards a negotiated two-state solution in troubled regions like Gaza.
In conclusion, the establishment of the Saudi-Singapore Strategic Partnership Council marks a significant step forward in the relationship between Singapore and Saudi Arabia. This partnership will not only enhance economic cooperation but also strengthen ties in various sectors, reflecting a shared commitment to peace and prosperity.