: Enterprise Singapore partnered 2,300 companies on transformative projects, with projected S$14.5 billion boost in annual revenue and 12,300 jobs
MR No.: 002/25
In 2024, Singapore companies navigated an uncertain global economic landscape and rising business costs. Against this backdrop, Enterprise Singapore (EnterpriseSG) supported a total of 11,500 enterprises in 2024 to grow their revenue and strengthen cost competitiveness. Of these, 2,300 enterprises undertook transformative projects, which are projected to boost their annual revenue by S$14.5 billion and create 12,300 skilled jobs. Notably, the projects in 2024 are expected to produce better results. On average, each company expects an increase in annual revenue of S$8.6 million in 2024, compared to S$5.7 million in 2023.
Global economic uncertainties are expected to persist, with intensifying competition among major economies and ongoing supply chain vulnerabilities. To continue to drive greater growth and transformation by Singapore companies across different sizes and industries, EnterpriseSG will implement differentiated strategies to meet different business needs.
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