UAE Hosts Approximately 800 Singaporean Companies To Enhance Economic Relations

Economic ties between the United Arab Emirates and Singapore are on a steady rise, according to Dr. Brian Shegar, Emeritus Chairman & Senior Advisor of the UAE-Singapore Business Council. He noted that around 600 to 800 Singaporean companies are currently operating in the UAE across various sectors. These companies are involved in engineering, infrastructure, energy, real estate, and consultancy services.

Dr. Shegar highlighted the Abu Dhabi Infrastructure Summit in Singapore as a crucial event for showcasing investment opportunities in Abu Dhabi's major development projects. The summit underscored Abu Dhabi's role as a global leader in innovation, sustainable development, and smart city initiatives.

The UAE-Singapore Business Council plays a vital role in fostering economic collaboration between the two nations. Dr. Shegar mentioned that the Council consists of about 135 members from diverse economic sectors. It is dedicated to enhancing communication between business communities in both countries and expanding trade and investment cooperation.

The Council is committed to supporting strategic partnerships and encouraging more companies from both nations to explore mutual growth opportunities. Dr. Shegar stated that their efforts aim to facilitate trade and investment exchanges while boosting corporate presence in both regions.

The summit provided a platform for highlighting Abu Dhabi's potential as a regional hub for investment and sustainable infrastructure. Dr. Shegar emphasised the importance of such events in promoting Abu Dhabi's position as a leading centre for innovation and development.

The Council continues its efforts to strengthen these ties by supporting strategic partnerships and encouraging more Emirati and Singaporean companies to explore opportunities for mutual growth. This contributes significantly to cementing Abu Dhabi’s position as a leading regional centre for investment and sustainable infrastructure.

Dr. Shegar reiterated the Council’s dedication to facilitating trade and investment exchange between the two countries, thereby enhancing corporate presence on both sides.

With inputs from WAM