Published on 19/09/2008

Singapore is a city state of only 700 sq. km, with hardly any natural resources, except for its people. Attracting talent and investments is crucial for Singapore’s growth and survival.

Singapore is a city state of only 700 sq. km, with hardly any natural resources, except for its people. Attracting talent and investments is crucial for Singapore’s growth and survival.

A key strategy of Singapore’s land use planning authority, The Urban Redevelopment Authority (URA) for meeting growth is the development of Marina Bay. The land at Marina Bay was reclaimed more than 30 years ago as a seamless extension of the existing Central Business District.

The Government has to-date pumped in more than US$3.3 billion to facilitate the development of this area. Marina Bay area has attracted more than US$11.8 billion worth of investments from both local and international investors. Upcoming developments include the Marina Bay Financial Centre and the Marina Bay Sands, which will provide an art-science museum, hotels, theatres, a casino, restaurants and shops.

By 2010, the developments at Marina Bay will transform Singapore’s city skyline and strengthen Singapore’s position as a leading financial hub in Asia.

Mr Lim Peng Huat,
Singapore
phlim@complete-corp.com.sg