Singapore Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in singapore, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
Market Opportunities
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We see strong opportunities for U.S. exporters in the following industry sectors in Singapore: 

  • New Energy Technologies
  • ICT and Digital Technologies
  • Healthcare and Medical Technologies
  • Aviation and Defense Technologies

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

  • Singapore’s Next Generation Port Vision for Tuas Terminal is being developed in four phases. Phase 1 and Phase 2 have already been completed, with the port infrastructure officially operational since the last quarter of 2022. There will be two more phases before the port will be fully completed by 2040. Phase 3 is currently in the planning stage.
     
  • Construction of Singapore’s Changi Airport Terminal 5 and an extended third runway are progressing and scheduled for completion in the 2030s.
     
  • Singapore plans to raise the use of solar energy to 2.0 GW peak power at the end of the decade by installing more solar panels on reservoirs and roof tops to generate electricity to lower carbon emissions. Singapore is also planning a second LNG terminal which will be a floating concept as the country aims to be an LNG bunkering hub.
     
  • As part of its 2050 net zero and decarbonization objectives, Singapore is looking at ammonia/hydrogen bunkering, importing electricity generated from renewable energy sources from neighboring countries, and the possible use of small modular reactors for nuclear energy. Singapore signed a Memorandum of Understanding on Strategic Civil Nuclear Cooperation with the United States in 2025. The government also established a Future Energy Fund valued at US$7.7 billion to address electricity needs in conjunction with Singapore’s net zero goals.
     
  • Advanced water technology and infrastructure in areas such as rainfall monitoring, innovative coastal protection solutions, and enhanced resilience against floods and extreme weather.
     
  • The entire Deep Tunnel Sewerage System (DTSS) Phase 2 network, including the Tuas Water Reclamation Plant, is scheduled to be commissioned in phases starting from 2027.
     
  • Singaporean corporations are expected to increase technology spending, particularly in areas such as artificial intelligence (AI), cloud computing, and cybersecurity, driven by government initiatives and a commitment to digital transformation.
     
  • The 2025 budget includes a US$2.2 billion top-up to the National Productivity Fund (NPF) to enhance high-value investment and enterprise innovation in emerging areas like AI and quantum computing, as well as a US$111.9 million Enterprise Compute Initiative aimed at accelerating AI adoption to improve productivity and decision-making and drive enterprise transformation.
     
  • The budget also announced a new US$746 million Private Credit Growth Fund that will provide more financing options for high-growth local enterprises including schemes for internationalization, and for mergers and acquisitions.  
     
  • A Global Founder Program will be launched later this year to encourage global founders to anchor and grow more new ventures in Singapore.
     
  • More polyclinics will be built, bringing the total to 32 by 2030.
     
  • Redevelopment of Singapore’s oldest and largest hospital which will be renamed SGH Campus, is set to take place from 2025 to 2035.
     
  • Additional nursing homes will be built with more than 1,070 beds added. Plans include doubling the number of beds to over 30,000 over the next decade.
     
  • Other infrastructure projects include the redevelopment of Alexandra Hospital and Tan Tock Seng Hospital. These projects are scheduled to progressively come on stream between 2022 and 2036.