Singapore - Market Opportunities Singapore - Market Opportunities
U.S. exporters will find a promising market for the following industry sectors in Singapore:
- aviation and defense
- ICT and digital technologies (fintech, e-commerce, smart cities, smart grids)
- energy and environment (oil and gas, solar and water)
- healthcare and medtech
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- Construction of Singapore’s Changi Airport Terminal 5 and a third runway scheduled for completion around 2030;
- Singapore’s Next Generation Port Vision for Tuas Terminal to be constructed in 4 Phases; with Phases 1 and 2 tenders awarded; there will be two more phases of tenders to complete the future port by 2040;
- Deep Tunnel Sewerage System Phase 2 targeted for completion in 2025;
- Singapore Government annual ICT tenders totalling over US$1.0 billion;
- Major redevelopment of Singapore’s oldest and largest hospital, renamed the Outram Campus and Community Hospital, is set to take place from 2025 to 2035 and a New National Cancer Center will be housed there;
- Over the medium term, five new public hospitals and up to twelve more polyclinics will be built by 2030, and there are plans to build new and replacement nursing homes to bring the total to 25 by 2020;
- A new US$135 million National Heart Center facility is currently being built at the Singapore General Hospital and scheduled for completion in 2020;
- Other infrastructure projects include the Woodlands Health Campus and the existing Tan Tock Seng Hospital. These are scheduled to progressively come on stream between 2020 and 2036;
- Advanced water technology and infrastructure in areas such as filtering and purifying machinery and apparatus, technologies involving wastewater recycling and treatment, and desalination technologies;
- US$8.0 million pilot project to determine feasibility of floating solar panels on reservoirs to generate electricity;
Singapore Power’s US$22.55 million Center of Excellence is seeking to develop next generation network technology for better reliability and efficiency for electricity/gas transmission and distribution.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.