Singapore Invests in Big Projects to Boost Tourism

Singapore's Minister-in-charge of Trade Relations, Grace Fu, talked about building a new cruise and ferry terminal at the Tourism Industry Conference 2026.

The new terminal could have three cruise berths and up to 10 ferry berths, increasing Singapore's capacity for maritime tourism.

A new MICE hub is also being planned near Marina Bay MRT station.

This venue will complement existing convention and exhibition areas, helping Singapore stay competitive in the business events industry.

Singapore is renewing its famous Orchard Road shopping area with immersive attractions and lifestyle experiences to make it more appealing to tourists and locals.

The Orchard Road Rejuvenation Initiative will start in mid-2026 to modernize Singapore's tourism offerings.

Tourists take photos at Merlion Park in Singapore. The city is working to create more immersive experiences.

Authorities want Singapore to offer more than traditional sightseeing by creating experience-driven attractions.

These developments are part of the country's Tourism 2040 plan to sustain visitor growth and adapt to changing travel trends.

Tourism is a crucial part of Singapore's economy.

In 2025, tourism receipts reached a record S$32.8 billion, and international visitor arrivals climbed to 16.9 million.

The government expects more visitors in 2026, with tourism receipts forecast between S$31 billion and S$32.5 billion.

To support these goals, Singapore is increasing investment in the tourism sector.

A S$740 million tourism funding package was announced to strengthen the industry and support Tourism 2040 initiatives.

Despite this, officials are aware of external risks.

Global uncertainties could pose challenges for the tourism sector.

Singapore is determined to maintain its momentum through urban reinvention and premium visitor experiences.

Industry analysts say Singapore's strategy reflects growing competition among Asian destinations.

Singapore had a GDP per capita of US$90,700 in 2025, ranking second globally, and is investing in tourism to stay competitive.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

听力练习