Within the framework of the mutual visits, HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani visited the Republic of Singapore last August as part of an Asian tour. His Excellency meet with HE the President of the Republic of Singapore Halimah Yacob at the Istana. The meeting emphasized the close relations between the two countries as they share a common interest in promoting a rules-based global order and enhancing international cooperation.
HE also met with a number of senior ministers and officials there and discussed with them bilateral cooperation relations, especially in the fields of economy, investment, education and training, in addition to activating joint committees and enhancing cooperation in several fields, especially in the fields of investments, trade exchange, energy security and benefiting from the exchange of economic experiences in the two countries, in addition to food and health security, the future of energy and clean energy and the latest international developments and common challenges.
In an indication of the keenness and desire of the two countries to develop their bilateral relations in various fields, the Qatar – Singapore High Level Joint Committee was established in 2006 as a platform to enhance bilateral cooperation, which resulted in substantial bilateral projects and solid cooperation between the two countries. More than 28 agreements were signed through the Committee in various fields of cooperation.
In October of last year, the Qatar Financial Centre (QFC) signed a MOU with Enterprise Singapore aimed at enhancing mutual investment opportunities between the two countries. In the context of the visit of the QFC delegation to Singapore, the Embassy of the State of Qatar hosted an evening reception, during which the QFC delegation introduced partners, business leaders and other stakeholders interested in the sports and information and communication technology sectors in Singapore to the advantages of the rapidly growing digital sector in Qatar, whose value amounted to around $4.4 billion in 2021, with volume of spending expected to reach $9 billion by 2024, in addition to the sports sector, which has a value of around $20 billion.
The State of Qatar is Singapore’s third largest trading partner in the Middle East, and it is a major investor in Singapore. Singapore was Qatar’s sixth largest trading partner in 2020.
Singapore is a geographically small and very developed country located in Southeast Asia at the southern tip of the Malay Peninsula between Malaysia and Indonesia. Its total area is 710 square kilometers and has a coastline of 193 km. It is separated from Indonesia by the Singapore Strait and from Malaysia by the Johor Strait. The estimated population of Singapore is around six million people, and Singapore is the 4th most important financial center in the world and a global city that plays an important role in the global economy. The Port of Singapore is the 5th port in the world in terms of activity. In terms of airports, ports and road networks, it is among the best in the world.
The island gained its independence in 1959, when its historic leader Lee Kuan Yew took over the reins of power. He led the process of transformations that rightfully placed Singapore on the world map as a clear example of the ability to work, perseverance, success of economic development, and moving forward on the path of modernization.
Source: Qatar News Agency