The government policy of Singapore on foreign investment and the role of the EDB have been instrumental in attracting and facilitating foreign investments into the country. The recent investments of importance, such as Amazon's research and development center, Gilead Sciences' biologics manufacturing facility, and Goldman Sachs' digital banking venture, Marcus, are evidence of the success of these policies and the EDB's efforts. As Singapore continues to prioritize and streamline foreign investment initiatives, it can expect further economic growth and development, offering new opportunities for both local and international investors. Ultimately, the ongoing commitment to attracting foreign investment and improving the business environment will contribute to a more prosperous and globally competitive Singapore, fostering a culture of innovation, collaboration, and sustainable progress. By maintaining a proactive approach to attracting foreign investment and continually enhancing the investment climate, Singapore can look forward to increased economic opportunities, job creation, and a stronger position within the global market.
Singapore's government has consistently implemented policies aimed at creating a favorable environment for foreign investment. These policies focus on the following key areas:
The EDB is the official government agency responsible for promoting and facilitating foreign investment in Singapore. The agency plays a vital role in implementing government policies and strategies aimed at attracting foreign investment. Key functions of the EDB include:
Singapore has attracted substantial FDI in recent years, with several significant investments contributing to the country's economic growth. Some noteworthy investments include: