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Foreign Investors Bullish on Logistics Sector in Singapore
The Straits Times
|May 10, 2025
Recent wave of investment in infrastructure here comes amid shifting global trade flows
Singapore's links to Eastern and Western markets and moves by shippers to reconfigure supply chains amid trade and geopolitical risks are prompting foreign investors to pour funds into logistics facilities here.
As Economic Development Board (EDB) vice-president Dave Goh noted: "Singapore's unrivalled sea and air cargo connectivity and vibrant logistics ecosystem... make us an attractive and compelling location for global manufacturers and logistics service providers."
The point was underlined on May 7 when Dubai-based DP World announced the opening of its first facility in Singapore, a 13,000 sq m bonded warehouse in Mapletree Benoi Logistics Hub.
No investment figures were provided.
DP World's Asia-Pacific chief executive, Mr Glen Hilton, told The Straits Times: "This warehouse is designed with flexibility in mind. Flexibility is increasingly important as companies adapt to an evolving trade landscape and look for more agile and resilient supply chain solutions."
This story is from the May 10, 2025 edition of The Straits Times.
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