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Ministry of Trade and Industry
Feature Articles

Tourism 2015 goals

12 August 2011

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

Close-up of pressure gauges with the text "Developing Industries" in focus.

Tourism 2015 goals

Singapore is a destination of choice for global investors and international travelers. We are widely acknowledged as having one of the best business environments in the world – one of the world's most competitive (Institute for Management Development World Competitiveness Yearbook), most profitable (Business Environment Risk Intelligence Report), most transparent (Transparency International Survey), with world-class intellectual property protection and enforcement (World Economic Forum Global Competitiveness Report). This is complemented by a harmonious blend of culture and the arts.

Investments

Within Singapore's unique enterprise ecosystem, manufacturing and services will continue to be our twin engines of growth.

Positioned between the two fastest growing economies of China and India and the promising economies of Asean, we are a critical node with strategic capabilities and access to meet the demands of international businesses. The presence of many leading global companies and local enterprises here is a testimony to Singapore's excellence in manufacturing and services. Today, there are more than 7,000 Multi-National Corporations in Singapore.

We are an attractive and competitive manufacturing location, possessing world class capabilities in the design, development and manufacture of cutting edge products for the world. In addition, by leveraging on our strength as the regional hub for services such as logistics and education, Singapore is poised to become Asia's leading services hub, providing an array of world-class services.

For more information in investing in Singapore, please visit: www.edb.gov.sg (opens in new tab)

Tourism (opens in new tab)

A bridge between the East and the West for centuries, Singapore embraces tradition and modernity. Colourful ethnic precincts amongst efficient business centres, and serene gardens set against sleek skyscrapers, Singapore is a fascinating destination for leisure and business travelers.

Over the years, we have witnessed remarkable transformation in Singapore's tourism landscape and achieved record growth in both tourism receipts and visitor arrivals.  Since 2004, we have grown our tourism receipts by almost 2.5 times while visitor arrivals also almost doubled.

We are working closely with international investors to develop new world-class attractions, and attract strategic business and leisure events to Singapore. Some of the exciting plans include the remaking of Orchard Road into one of the best shopping streets in the world, the development of Singapore Flyer (the world's largest observation wheel), the rejuvenation of Sentosa Island as a tropical island resort, the enhancement of major precincts like Singapore River, Chinatown and Little India, as well as the development of iconic Integrated Resorts. These attractions will widen our range of entertainment choices and enhance the vibrancy of the tourism industry.

Singapore is the ideal location to live, work and play.

For more information on visiting Singapore, please visit the following websites: