Singapore - Country Commercial Guide
Market Opportunities

Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities

Last published date: 2020-09-16

While the Singapore economy has been hit hard by the COVID-19 pandemic, we see strong opportunities for U.S. exporters in the following industry sectors in the country:

•          Aviation and Defense

•          ICT and Digital Technologies

•          Energy and Environment

•          Healthcare and MedTech

The following are major infrastructure projects, significant government procurements and business opportunities in Singapore:

•          Construction of Singapore’s Changi Airport Terminal 5 and a third runway scheduled for completion in the 2030’s;

•          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 ICT spending estimated at over US$2.5 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;

•          Over the medium term, five new public hospitals and up to twelve more polyclinics will be built by 2030;

•          Other infrastructure projects include the Woodlands Health Campus to be completed in 2022, a new integrated acute and community hospital in the east, the redevelopment of Alexandra Hospital with more built-in space to trial models of care, and the existing Tan Tock Seng Hospital.  A tender for medical planning consultancy services for Alexandra Hospital will be called sometime in the second half of 2020 and all these projects are scheduled to progressively come on stream between 2022 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.