Singapore Attracts S$13.5 Billion in Investments, Creating 18,700 Jobs by 2029

In 2024, Singapore successfully secured S$13.5 billion in fixed asset investments, a rise from S$12.7 billion in 2023. These pledges come from pivotal sectors such as semiconductors, aerospace, and artificial intelligence (AI), demonstrating a resilient business environment despite global economic uncertainties, according to Bloomberg.

The Economic Development Board (EDB) highlighted that these investments are expected to generate 18,700 jobs over the next five years. Approximately two-thirds of these new positions are projected to offer gross monthly salaries exceeding S$5,000. The EDB also pointed out that businesses continue to show interest in establishing or expanding their headquarters, research and development operations, and innovation activities in Singapore. Furthermore, the country has become an attractive destination for global start-ups and entrepreneurs launching new ventures.

Although Singapore’s economy is forecast to grow at a slower rate of 1% to 3% in 2025, down from 4% in 2024, the nation continues to be an attractive hub for investment. In January, the Monetary Authority of Singapore (MAS) loosened its monetary policy for the first time in nearly five years, citing weakening growth and easing inflationary pressures. Bloomberg Intelligence suggests this policy shift may signal a focus on growth rather than inflation control, as central banks around the world await the impact of proposed US tariffs.

The EDB acknowledged that the investment outlook for 2025 remains uncertain, with protectionist trade policies and ongoing geopolitical tensions potentially influencing investment decisions.