May 25, 2024

United Arab Emirates and Singapore explore strategic cooperation

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HE Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority

The 14th session of the Abu Dhabi-Singapore Joint Forum (ADSJF) was held recently in Abu Dhabi under the co-chairmanship, and in attendance of, HE Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority and HE S Iswaran, Singapore’s Minister-in-Charge of Trade Relations. The forum was also attended by HE Sarah bint Yousef Al Amiri, UAE Minister of State for Public Education and Advanced Technology, Chairwoman of the Emirates Schools Establishment (ESE) and Chairwoman of Emirates College for Advanced Education Board of Trustees, and HE Ambassador Majid Al Suwaidi, Director General and Special Representative of COP28, in addition to officials and senior representatives from a number of key public and private entities in the UAE and Singapore.

During the session, the Co-Chairs reaffirmed the strong bilateral relations between the UAE and Singapore. The UAE continues to be Singapore’s largest trading partner in the Middle East with total non-oil trade of $4.1 billion in 2021. Both parties also expressed interest in exploring collaboration in mutual areas of strategic importance, including innovation, technology, financial services, industries, skills development, climate change, and food security.

HE Khaldoon Khalifa Al Mubarak said, “For more than a decade, the Abu Dhabi Singapore Joint Forum has been an effective platform for public and private entities from the UAE and Singapore to develop productive partnerships across a range of sectors of mutual interest. Serving as a cornerstone of the countries’ bilateral relationship, we look forward to further exploring and expanding our cooperation to benefit our businesses and people.”

Minister Iswaran said, “As important business hubs in our respective regions, Singapore and the UAE share a mutual interest in promoting economic collaboration for the benefit of our business communities. Over the years, we have made significant progress in areas such as innovation, trade digitalisation and fintech. I look forward to taking this partnership forward, focusing on fresh and forward-looking ideas such as low-carbon alternatives and food security.”

In the presence of HE Sarah bint Yousef Al Amiri the Emirates College for Advanced Education (ECAE) and NIE International signed a strategic partnership to cooperate in the education sector in areas such as, governance and policy, training programmes, and capacity building for UAE educators, aimed to facilitate greater exchange between both countries in skills and knowledge development.

Hub71, Abu Dhabi’s global tech hub, and EnterpriseSG, also signed a Memorandum of Understanding (MoU) aimed at supporting startups in both countries. Under the MoU, Hub71 and EnterpriseSG will work together to provide a range of services to startups, including mentorship, access to networks and resources, and opportunities for cross-border collaboration.

For more than 35 years, the UAE and Singapore have pro-actively fostered a productive and positive bilateral relationship anchored by active trade and investment. To broaden cooperation, the Abu Dhabi-Singapore Joint Forum was established in 2007 as part of a joint commitment between both countries to explore mutual areas of strategic interest.

In 2019, the two Governments signed the Singapore-UAE Comprehensive Partnership (SUCP), a framework aimed at deepening existing areas of cooperation and exploring new areas of mutual benefit and interest of both countries, such as trade, industry & investment, financial cooperation, education & human resources development as well as sustainable development and energy.

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Interested to read worthy information on Hub71? Feel free to read HUB71 launches new innovation ecosystem to develop specialist technology sectors

Check out the article on Singapore collaboration with SAMI (wholly owned subsidiary of the Public Investment Fund (PIF) and the Saudi Arabia’s national champion of defence industries) in this article – SAMI signs major contracts with ST Engineering (SIngapore)

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