Governor Dabbagh inaugurates SAGIA office in Singapore

Separately, Governor Dabbagh and a number of SAGIA executives met with Minister Mentor Lee Kwan Yew, the engineer of modern-day Singapore. A number of SAGIA's Singaporean counterparts were also present at the meeting.

The purpose of the visit was to follow up the investment deliberations surrounding promoting investments in Saudi Arabia to Singaporean companies. The visit comes one week after Mr. Lee Kwan Yew and Singaporean officials visited Riyadh to explore investment opportunities their and visited the pavilion of King Abdullah Economic City, which is being developed on the Red Sea coast.

Worth noting is the fact that when SAGIA was preparing its five year strategy it had benefited from the Singaporean experience in this regard.

On another note, Governor Dabbagh inaugurated SAGIA's Singapore office which will service investors and promote investments into Saudi Arabia. The inauguration was attended by the Saudi Ambassador to Singapore Dr. Mohamed Kurdi.

The office is part of SAGIA's plan to open a number of similar offices through Saudi embassies in the world's major economic destinations as well as in the major Saudi airports in an effort to enhance the investment climate of Saudi Arabia. The move is in response to directives by the Custodian of The Two Holly Mosques.