Singapore and Abu Dhabi’s growing links
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PM Lawrence Wong welcoming Abu Dhabi’s Crown Prince, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, at Parliament House in October 2024.
PHOTO: MDDI
Both are small, urban and wealthy. Both aim to adopt and harness cutting-edge technologies in high-growth sectors and share best practices. Both want to tap into new markets through their companies and sovereign wealth funds (SWFs).
And so it is that Singapore and Abu Dhabi are investing in, and with, each other and forging partnerships. For instance, the Abu Dhabi Investment Authority (ADIA), the world’s largest SWF, owns a stake in Paya Lebar Square, while GIC has invested in Abu Dhabi’s crude pipeline infrastructure.
