Singapore Market
Presentation Pack
SINGAPORE TEAM
Web: ukinsingapore.fco.gov.uk/ukti
Contact: commercial.singapore@fco.gov.uk
SINGAPORE TEAM
Web: ukinsingapore.fco.gov.uk/ukti
Contact: commercial.singapore@fco.gov.uk
A REGIONAL HUB
FOR SOUTH EAST ASIA
ASEAN – world’s largest trading entity
Combined SE Asia (SEA) GDP - US$2 trillion
Population of SEA – 600 million (more
than the EU, the former Soviet Union,
S America & the Middle East)
SEA bigger export market for the UK
than the Gulf, China, India or Brazil
Singapore’s trade is 3 times its GDP
(40% are re-exports)
SINGAPORE TEAM
Web: ukinsingapore.fco.gov.uk/ukti
Contact: commercial.singapore@fco.gov.uk
A MAJOR TRADING ROUTE
World’s 2nd largest container port
Half of the world’s population within 7 hours’ flight
7,000 MNCs: 60% with regional/global HQ functions
China: 1.3 billion
India: 1.1
billion
SE Asia: 590 million
Australasia: 25 million
SINGAPORE TEAM
Web: ukinsingapore.fco.gov.uk/ukti
Contact: commercial.singapore@fco.gov.uk
ENGINES OF GROWTH
Manufacturing
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Chemicals
Electronics
Precision engineering
Biomedical sciences
Aerospace/MRO
Developments
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Services
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New areas
Logistics
Consumer businesses
Infocomms & media
Financial services
Professional services
Education services
Maritime & port
services
Metro (UKTI HVO)
Large bus tenders
New airport terminal
New Port & terminals
Sports Hub
SINGAPORE TEAM
Web: ukinsingapore.fco.gov.uk/ukti
Contact: commercial.singapore@fco.gov.uk
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Environmental
technologies
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Clean energy
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Digital media
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Biotechnology
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Healthcare services
GDP
Total: US$267 billion
Per capita US$50,714
Growth in 2011: 4.9%
UK IN SINGAPORE
4th largest foreign investor
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700 companies
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32,000 British residents
440,000 UK tourist arrivals in 2011
•UK’s largest trading partner in SEA
•14th largest export destination in 2010 : £7.1 billion
•UK’s 12th largest goods market outside EU (2011)
•UK’s 5th largest services market outside EU (2010)
SINGAPORE TEAM
Web: ukinsingapore.fco.gov.uk/ukti
Contact: commercial.singapore@fco.gov.uk
WHY SINGAPORE?
# 1 in Ease of Doing Business
2nd most protective IP regime in the world and top in Asia
Pro-business environment, political stability
Key legal and financial hub
English is the language of business & education
Well educated and disciplined work force
Transparent procurement, low corruption & crime
One of the lowest corporate tax rates in the world (16.5%)
Few restrictions on foreign companies
Global, open economy, with few entry barriers
Strong links to China, India, and other high growth markets
UK Singapore Economic and Business Partnership signed in 2011
SINGAPORE TEAM
Web: ukinsingapore.fco.gov.uk/ukti
Contact: commercial.singapore@fco.gov.uk
RECENT SUCCESSES
Rolls-Royce sets up its first engine assembly line and fan blade plant outside UK
£179 million UK successes on Metro projects in Singapore over last 18 months
£500 million Gardens by the Bay - British design team led by Grant Associates
Standard Chartered’s largest trading floor opens in Singapore
IOM (Institute of Occupational Medicine) launched in Sept 2012
Serious Games Institute Development Centre set up to apply advanced game
technologies for healthcare, tourism, education
Legal sector liberalisation results in over 30 UK law firms in Singapore
Imperial College JV for Singapore’s 3rd medical school to open in 2014
Sidhil finds distributor through our services and exhibits their hospital beds at
Medical Fair Asia
SINGAPORE TEAM
Web: ukinsingapore.fco.gov.uk/ukti
Contact: commercial.singapore@fco.gov.uk
LET US HELP YOU!
Do use our services to develop a market entry strategy suitable for your
product/service, and grow your business in Singapore:
We can help to:
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Research the market for your product/service
Identify competition and the market potential
Access the right contacts
Identify potential partners and customers
Introduce your company to them, and gauge interest
Organise meetings, seminars, product launches
Understand local regulations and standards
Advise on the business culture in Singapore
Singapore – the launch pad to South East Asia
SINGAPORE TEAM
Web: ukinsingapore.fco.gov.uk/ukti
Contact: commercial.singapore@fco.gov.uk
THANK YOU!
SINGAPORE TEAM
Web: ukinsingapore.fco.gov.uk/ukti
UNCLASSIFIED
Contact: commercial.singapore@fco.gov.uk