Manufacturing accounts for one-quarter of Singapore's economy, and its share of Singapore's gross domestic product has remained stable. In terms of cost competitiveness, Singapore is a highly competitive manufacturing base, with its various manufacturing sectors receiving excellent international ratings. Singapore's current manufacturing base possesses considerable sophistication and growth potential. As the economy further transitions toward knowledge and research, Singapore is poised to build upon this foundation. World-class research institutions and higher education establishments located locally, combined with Singapore's core competencies, can assist enterprises with their local investments and solidify Singapore's leading global position in manufacturing and manufacturing services.
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