Asia's economic powerhouse

Singapore is at the heart of a growing Southeast Asia, which is set to be the world’s fourth-largest economy by 2030.

Build a strong foundation for your business here, as you plan strategic moves into the rest of Southeast Asia. 

Our strong connections to the region puts your business on the fast track to understanding the nuances of operating in different parts of Southeast Asia. 

Learn more about scaling your business in Southeast Asia

Singapore recognises the value of a cosmopolitan workforce and the extensive knowledge and business expertise that this brings. 

We remain open to global talent while prioritising the development of our highly educated and productive local workforce.

We invest heavily in nationwide skills development initiatives to ensure our workforce keeps up with changes in the global economy. To date, nearly S$1 billion has been invested in the national SkillsFuture programme⁽ⁱ⁾, which encourages lifelong learning and upskilling.

Businesses can benefit from a highly skilled and diverse talent pool, supportive upskilling programmes and initiatives that facilitate knowledge sharing to ensure a future ready workforce.

Discover how to build your A-team from Singapore
 

The combination of strategic government initiatives and robust tech infrastructure that fosters innovation has contributed to Singapore’s status as a global tech powerhouse.

Our digital infrastructure makes us one of the most well-connected countries in the world – with extensive 4G and 5G coverage nationwide. This infrastructure supports a vibrant ecosystem for tech startups and MNCs alike, with over 80 of the world’s top tech firms establishing operations here⁽ⁱ⁾.

As part of our National AI Strategy 2.0, we are investing more than S$1 billion over the next five years into AI compute, talent, and industry development.

Find out more about National AI Strategy 2.0

Singapore’s Smart Nation Initiative continues to drive integration of digital technologies into urban living and public services. In addition, businesses can benefit from incentives and schemes that support R&D and open innovation, such as: 

• The Research, Innovation and Enterprise (RIE) 2025 plan allocates over S$28 billion to supporting the research and development of multiple sectors, including technology. 
• The Open Innovation Platform connects corporates, entrepreneurs, innovators and researchers to co-develop and testbed solutions for real-world problems.

Learn more about our incentives, schemes, and grants

 

Transforming Singapore for the future
 

Sources: (i) International Trade Administration, Singapore – Information and Telecommunications Technology (ii) IMD World Competitive Center, World Digital Competitiveness Ranking 2024, (iii) GovTech, “$3.3b of government ICT procurement in FY24 to modernise ICT infrastructure and develop digital services”