Singapore attracted S$13.5b in fixed asset investment commitments in 2024
Singapore attracted S$13.5 billion in fixed asset investment commitments in 2024 — S$1 billion more than in 2023. These are funds that go into building factories or buying equipment. The Economic Development Board said in its yearly report that most investments came from electronics, driven by emerging trends like artificial intelligence and digitalisation. Projects secured last year are expected to create around 18,000 new jobs in the next five years. The US remained the top investor, but trade tariffs and rising protectionist policies mean staying nimble and diversifying markets are key to attracting more investments. Nadirah Zaidi reports.
Singapore attracted S$13.5 billion in fixed asset investment commitments in 2024 — S$1 billion more than in 2023. These are funds that go into building factories or buying equipment. The Economic Development Board said in its yearly report that most investments came from electronics, driven by emerging trends like artificial intelligence and digitalisation. Projects secured last year are expected to create around 18,000 new jobs in the next five years. The US remained the top investor, but trade tariffs and rising protectionist policies mean staying nimble and diversifying markets are key to attracting more investments. Nadirah Zaidi reports.
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