Singapore - Country Commercial Guide
Market Opportunities

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

Last published date: 2022-08-11

We see strong opportunities for U.S. exporters in the following industry sectors in the country:

  • Energy and Environment
  • ICT and Digital Technologies
  • Healthcare and MedTech
  • Aviation and Defense

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

  • 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;
  • Advanced water technology and infrastructure in areas such as rainfall monitoring, innovative solutions for coastal protection and real-time identification of prohibited organic compounds in sewers;
  • To raise the use of solar energy to between 1.5 and 2.0 GW peak at the end of the decade by installing more solar panels on reservoirs and roof tops to generate electricity so as to lower carbon emissions;
  • 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 over the next decade;
  • Deep Tunnel Sewerage System Phase 2 targeted for completion in 2025;
  • Singapore Government spending on cybersecurity estimated at US$720 million;
  • 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;
  • More polyclinics will be built, bringing the total to 32 by 2030;
  • Other infrastructure projects include the redevelopment of Alexandra Hospital with more built-in space to trial models of care, and the existing Tan Tock Seng Hospital.  These projects are scheduled to progressively come on stream between 2022 and 2036;
  • Construction of Singapore’s Changi Airport Terminal 5 and a third runway scheduled for completion in the 2030’s.