RIYADH - Saudi Arabia’s rapid transformation offers opportunities for Singaporeans and Singapore businesses on various fronts, including logistics, transportation, green energy and food, Prime Minister Lee Hsien Loong said on Friday.
“The Saudis produce oil and gas, but they’ve also got massive solar power which they are hoping to convert into hydrogen and that’s exportable, and so we have an MOU to work with them on that,” PM Lee said in an interview with Singapore media. He was also briefed on the country’s plans and met several of its business leaders. On Thursday, he also visited the historic cities of Madinah, which is newly opened to non-Muslims, and Al Ula, which is being developed for high-end tourism.He told reporters that the Singapore Business Federation brought a delegation to Riyadh on the sidelines of his visit, and that they have been making contacts.