Singapore EDB lures $11.8b in fixed asset investments in 2021

The investments are expected to create over 17,000 jobs.

The Singapore Economic Development Board (EDB) was able to lure $11.8b in fixed asset investments (FAI) in 2021, which is above their medium- to long-term targets of $8m to $10m.

The investments are expected to create 17,376 new jobs in the coming years with a projected contribution of $16.8b in Value-Added Per Annum, the EDB said.

EDB said 50% of the FAI commitments in 2021 were driven by large manufacturing projects from semiconductor and biotech firms.

Investments were also secured in agri-food, chemicals and materials, and electronics sectors.

Beh Swan Gin, EDB chairman, said the strong 2021 investment commitment is a testament to Singapore's “reputation as a strategic hub and critical supply chain node for companies to do business in Asia and for the world,

“As economies reopen and connectivity is restored, our reputation for reliability and neutrality, our vibrant innovation and tech ecosystem as well as our growing talent base will stand us in good stead to capture more economic opportunities for Singapore,” the EDB chairman added.

Meanwhile, the EDB also reported that total business expenditure per ann (TBE) in 2021 — a company’s incremental annual operating expenditure in Singapore — was $5.2b.

“The growth of the digital economy contributed significantly to TBE commitments in 2021, as digitalisation picked up pace across all sectors,” EBD said.

Follow the link for more news on

Economic Development Board Singapore

Singapore Investments

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia