Singapore attracted some S$13.5 billion in fixed asset investment commitments in 2024 - a 6.3 per cent increase from the S$12.7 billion secured in 2023. These investment commitments are expected to create 18,700 jobs in the next five years across services, manufacturing, and R&D and innovation, and contribute S$23.5 billion in Value-Added per annum.

New areas of growth highlighted in the report include artificial intelligence, precision medicine and the green economy. Meanwhile, EDB says it will partner existing players to transform, such as through working with global enterprises to harness AI, digitalisation and automation to improve productivity.

On this episode of Morning Shot, Jillian Lim, Executive Vice President of the Economic Development Board shares her insights. 

Presented by: Emaad Akhtar
Produced by: Yeo Kai Ting (ykaiting@sph.com.sg)
Photo credits: EDB