Economic Development Board, statutory board of Singapore
The Economic Development Board is a government agency located in Singapore's business district responsible for promoting the country's economic growth. The building features modern design with large glass windows and houses administrative offices where business activities and meetings take place daily.
The agency was established in 1961 as a successor to the smaller Singapore Industrial Promotion Board founded in 1957 to better support economic development. In its early years it helped develop Jurong as a major industrial area and subsequently attracted foreign companies, particularly from Japan.
The agency's location in the business district showcases Singapore's focus on progress through modern architecture and glass facades. It represents the connection between local enterprises and foreign investors, reflecting Singapore's identity as an international trade hub.
The building is centrally located in the business district, easily accessible and identifiable among surrounding office buildings. Weekdays see the most activity with many visitors and business operations, so early mornings or late afternoons are quieter times to visit.
The agency maintains offices in approximately 20 countries worldwide to promote Singapore's business opportunities and support companies expanding abroad. This global network makes it a key intermediary between Singapore's economy and international markets.
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