The Economic Development Board (EDB) is a statutory board under the Ministry of Trade and Industry, responsible for planning and implementing business and investment strategies to strengthen Singapore's position as a global hub for business, investment, and talent.
Vision: To create a global hub for business, investment, and talent that is highly attractive.
Mission: To achieve sustainable growth in Singapore's GDP, create quality job opportunities for citizens, and lead business opportunities.
Leading Business Opportunities: To conceptualize, design, and provide solutions for investors and enterprises to create value, thereby attracting more business opportunities, creating quality jobs, and enhancing Singapore's future economic competitiveness.
Attracting Foreign Investment
Providing one-stop services for local and foreign investors to seek higher value-added activities, achieve higher sustainable returns, and discover new business opportunities in the manufacturing and service sectors.
Continuous Growth of Industrial Clusters
While Singapore holds a leading global position in many aspects, our focus remains on expanding and extending existing industrial clusters. Exploring new areas of growth helps create quality job opportunities and maintain Singapore's future competitiveness.
Strengthening the Business Environment
While interacting with investors and attracting investment, we also provide feedback to other government agencies to ensure that infrastructure and public services remain efficient and cost-competitive. This helps ensure that Singapore continues to possess the highest quality pro-business environment.
Guiding Singapore's Future Direction
The Economic Development Board provides guidance for Singapore's future development. Although Singapore has established a strong position in the global economy, there is still much to be done in an increasingly competitive global environment.
