At the high-level segment of the ninth Russian-Singapore Intergovernmental Commission Russian Export Center (REC) signed a Memorandum with the Singaporean government agency championing enterprise development Enterprise Singapore, Sistema Asia Pte. Ltd (a subsidiary company of AFK “Sistema”) and the Skolkovo Foundation.
In accordance with the agreement, it is envisaged to establish Center of Digital Innovations and Information and Communication Technologies (ICT) on the basis of Sistema Asia in Singapore. This Center will be a platform to promote Russian ICT companies in Singapore and other countries of South-East Asia. A competitive selection among Russian companies both innovative start-ups and well-known established companies seeking to access the international market will take place. The best of the best will have an opportunity to have representation in Center of Digital Innovations and ICT receiving necessary consulting and organizational support.
REC will seek and select project participants, provide financial and non-financial services, support with establishing business relationships with partners in Singapore.
REC Managing Director for International development Anna Belyaeva highlighted that Memorandum will contribute not only to increasing export earnings of Russian companies but also to establishing joint Russian-Singapore enterprises to extend to other countries of the Region.