How is Singapore able to continue attracting record investment commitments, despite the challenging global economy?
Success Factor #3: Singapore is in a #strategic #geographical #location, which makes it a gateway to the rest of Asia Pacific
You may already know this, but if you do not, THE FUTURE IS ASIAN!
According to the latest United Nations estimates, Asia now has a population of 4.7 billion
This is equivalent to ~60% of the total world population
This means that for the next decade, at least, businesses around the world will increasingly have dependency on Asia resources in terms of manpower and for trade
And this is where Singapore has a strategic advantage
Singapore is renowned as a transportation hub with both a modern port infrastructure and the award-winning Changi airport
This provides the excellent connectivity to Asia Pacific region and to the global shipping routes
Singapore also has a highly skilled, ambitious, and multi-lingual workforce from all around the world
So it becomes a no-brainer for it to be a preferred location for businesses to base their Asian operations
Singapore is in a sweet spot that will serve it tremendously for a long time to come
Have you experienced Singapore’s innovation ecosystem?
What’s your take on it?