Siam Diu, a leading Thai conglomerate, has announced plans to invest $4 billion in Singapore over the next five years, creating 25,000 new jobs in the process. This significant investment is a testament to Singapore's economic strength and its attractiveness as a hub for regional headquarters and research and development (R&D) activities.
Siam Diu has identified several key sectors for its investment in Singapore, including:
Siam Diu aims to establish Singapore as a regional hub for innovation and R&D by:
Siam Diu is committed to sustainability and will incorporate ESG (environmental, social, and governance) principles into its operations in Singapore. This includes:
“Siam Diu's significant investment in Singapore is a strong endorsement of our country's business environment and pro-growth policies,” said Deputy Prime Minister Heng Swee Keat.
“This investment will create thousands of good jobs for Singaporeans and contribute to our economic recovery,” said Minister for Trade and Industry Gan Kim Yong.
“Siam Diu is excited to partner with Singapore to create a vibrant innovation hub and contribute to the growth and prosperity of the region,” said Mr. Woothichai Amatavichitr, CEO of Siam Diu.
Investment Amount | Timeframe | Number of Jobs |
---|---|---|
$4 billion | 5 years | 25,000 |
Technology and Innovation | Healthcare and Medical Technology | Finance and Banking | Renewable Energy and Sustainability |
---|---|---|---|
X | X | X | X |
Increased FDI | Creation of High-Value Jobs | Boost to Economic Growth | Enhanced Trade and Investment Links |
---|---|---|---|
X | X | X | X |
Reducing Carbon Emissions | Promoting Diversity and Inclusivity | Investing in Community Development Programs |
---|---|---|
X | X | X |
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