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Written reply to PQ on Foreign Domestic Investment in Singapore

Written reply to PQ on Foreign Domestic Investment in Singapore

Question

Mr Ang Wei Neng: To ask the Minister for Trade and Industry (a) how much foreign investment has Singapore attracted in 2020 and the first quarter of 2021; (b) how much of the foreign investment that Singapore has attracted in the past five years have been realised in the last three years; and (c) how many jobs have been created in the last three years due to the foreign direct investment.

Written Answer by Minister for Trade and Industry Mr Chan Chun Sing

1. EDB attracted $17.2 billion in Fixed Asset Investments (FAI) in 2020 and $2.8 billion in FAI in the first quarter of 2021.

2. Of the $62.1 billion in FAI that EDB attracted in the last five years (2016-2020), $43.3 billion (70%) was in the last three years. All the companies from the last five years have started implementing their projects as planned, and will create an estimated 112,100 new jobs when completed.


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