Singapore: MPA targets SGD 20 billion in maritime business investments by 2024
08 Mar 2021
The Maritime and Port Authority of Singapore on Friday (5 March) said in its 2021 COS Factsheet that it has set a target to bring in SGD 20 billion (USD 14.9 billion) in total business spending commitments from maritime companies from 2020 to 2024.
Maritime Singapore is home to a diverse range of maritime businesses, with more than 5,000 maritime establishments, it said. Beyond our position as a global hub port, Singapore continues to be recognised as a leading international maritime centre (IMC) by international benchmarking studies.
Today, Singapore has one of the highest concentrations of international shipping groups globally. More than 160 international shipping groups from all over the world have set up here and, together, they are the clusterâs core drivers.