EnterpriseSG helped 2,300 companies transform in 2024
Enterprise Singapore helped 2,300 companies transform last year through large-scale projects with big growth impact. This is fewer than the 3,000 firms in 2023. The agency said higher business costs and geopolitical uncertainties might be holding companies back. According to EnterpriseSG's latest report, firms that made changes are expected to see an extra $14.5 billion in annual revenue from productivity, innovation and overseas expansion. Over 12,000 new jobs are also expected to be created. China and India remain the top markets for businesses expanding abroad, while interest is growing in the Middle East, Europe and the US.
Enterprise Singapore helped 2,300 companies transform last year through large-scale projects with big growth impact. This is fewer than the 3,000 firms in 2023. The agency said higher business costs and geopolitical uncertainties might be holding companies back. According to EnterpriseSG's latest report, firms that made changes are expected to see an extra $14.5 billion in annual revenue from productivity, innovation and overseas expansion. Over 12,000 new jobs are also expected to be created. China and India remain the top markets for businesses expanding abroad, while interest is growing in the Middle East, Europe and the US.