FINANCIAL NEWS

Saudi Arabia, Singapore to sign trade agreement

13 Oct 2013

(MENAFN) Chairman of the Saudi-Singapore Business Council (SSBC) reported that the GCC countries plan to make a trade agreement deal with Singapore that aims to improve the Saudi private sector, according to Arab News.

Abdullah Zaid Al- Meleihi said: “Singapore is an attractive area for Saudi investors. It”s also rising as the largest center for asset management, whose size is estimated to be $1.29 trillion this year.”

The SSBC agreement will support joint ventures with special facilities to be set up both in Saudi Arabia and Singapore, Al- Meleihi explained.

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