Photo credit: Ministry of Foreign Affairs, Singapore
Ministers for Foreign Affairs and Investment of Saudi Arabia engage in a candid conversation about global economic dynamics and geopolitical relations at the Bloomberg New Economy Forum
In a candid discussion at the Bloomberg New Economy Forum, Minister for Foreign Affairs Dr. Vivian Balakrishnan and Minister of Investment of the Kingdom of Saudi Arabia Khalid Al Falih provided insights on the evolving landscape of economic statecraft. The conversation, moderated by Bloomberg’s Stephanie Flanders, delved into the intricate relationship between the United States and China, as well as the implications of ongoing conflicts in the Middle East.
Dr. Balakrishnan emphasized Singapore’s role as a global connector, highlighting the country’s reliance on stability in the international arena. He underlined the importance of resolving political questions for sustained economic development, particularly in regions grappling with conflict. Additionally, Dr. Balakrishnan expressed concerns about the potential repercussions of regional conflicts on global oil supplies and prices.
Minister Khalid Al Falih echoed Dr. Balakrishnan’s sentiments, emphasizing Saudi Arabia’s commitment to peaceful resolutions. He discussed Saudi Arabia’s efforts to convene summits aimed at addressing the crisis in the Middle East, emphasizing the need for prosperity and economic development in the region.
The discussion also touched on the potential impact of the United States being preoccupied with ongoing conflicts in Europe and the Middle East. Both ministers agreed that a distracted global superpower is not conducive to a stable and prosperous world.
