Singapore secured SGD5.4bn (USD4.1bn) in fixed asset investment (FAI) commitments in the first half of 2024, keeping the Economic Development Board (EDB) on track to meet its annual target of SGD8-10bn. Despite global corporate shifts, the city-state continues to draw strong investments, following SGD12.7bn in FAI commitments in 2023 and a record SGD22.5bn in 2022 driven by semiconductor investments. Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong acknowledged that while some multinational companies may downsize or exit due to market changes, the government collaborates with firms and unions to assist affected workers with skill upgrades and job matching. Recent major investments include Amazon Web Services committing SGD$12bn and AstraZeneca planning a SGD2bn billion facility.