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Singapore's investment commitments in 2020 meets medium-term goals despite challenging business environment

Amala Balakrishner
Amala Balakrishner1/20/2021 11:15 AM GMT+08  • 4 min read
Singapore's investment commitments in 2020 meets medium-term goals despite challenging business environment
Some $17.2 billion in fixed asset investments were made in Singapore in 2020 far exceeding the $8 to $10 billion forecast
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Some $17.2 billion in fixed asset investments (FAI) were made in Singapore last year, far exceeding the $8 to $10 billion that had been forecast, the republic’s Economic Development Board (EDB) revealed in a virtual year-in-review briefing on 20 Jan.

Interestingly, 2020 generated the highest FAI investment commitment in the decade spanning from 2011 to 2020.

"We had a very good momentum coming into 2020 from 2019," said EDB chairman Beh Swan Gin.

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