SBF Infrastructure Committee Releases Sectorial Research Report on Competitiveness of the Infrastructure Sector in SingaporeMonday, 21 June 2021 [Singapore] – The Singapore Business Federation (SBF) Infrastructure Committee (IC) has released a report that identifies the key challenges faced by the infrastructure sector in Singapore and recommendations to foster greater collaboration between Singapore companies to build capabilities and prepare them for internationalisation.
The SBF IC Sectorial Research Report is a joint effort by SBF IC and KPMG involving more than 20 industry business leaders across the infrastructure value chain – contractors, construction companies, engineering consultants, and professional service providers.
The report focuses on how the sector can come together to build capabilities and prepare Singapore companies to excel internationally in the areas of built environment and smart cities, and water and waste management.
It also highlights the importance of companies working together to reap synergies and share expertise. This will help build a stronger Singapore core of infrastructure companies across the project delivery chain that will give us a competitive edge when bidding for large-scale projects overseas.
The report also identifies possible ways to create a more vibrant infrastructure sector, strengthen the competitiveness of Singapore companies, and enhance Singapore’s expertise in key growth areas.
Mr Pek Lian Guan, Chairman of the SBF Infrastructure Committee said, “The recommendations in our report complement current industry best practices and on-going ground efforts to prepare Singapore construction companies to develop necessary credentials, build up core competencies and to collaborate amongst themselves. Collectively, this will enable us to create a more vibrant infrastructure sector and strengthen the competitiveness of Singapore companies, so that they can play an instrumental role in delivering infrastructure projects that promotes economic development, prosperity and connectivity across Asia.”