The four-day mission, which includes representatives from South Australian business and government leaders, will incorporate meetings with more than 20 property and infrastructure investors.
“Attracting capital is critical to the state’s continued growth and dynamism,” said Bruce Djite, Executive Director, Property Council. “South Australia is ripe for increased development in housing, industrial, office, retail and main streets. We cannot underestimate the importance of having close ties with sophisticated investors in our region and their importance when it comes to unlocking these opportunities.
“With so many positive tailwinds for South Australia for the foreseeable future, continually improving our connection with international investors will be crucial to the state fulfilling its potential.”
The trip will focus on once-in-a-generation pipeline of projects slated for development under the $2 billion Housing Roadmap which is gaining global interest, including from Singaporean investors with a long history of supporting South Australian commercial and residential development.
“ICAM has established a significant property and infrastructure investment pipeline in South Australia, and we applaud the State Government’s commitment to work with private industry to unlock further opportunity,” said Andrew Daniels, Chair, ICAM Funds.
“There is a growing appetite in Singapore and the broader region to invest not only in the state’s property sector but in renewable energy projects thanks to our leadership in decarbonisation.
“We have a great story to tell and ICAM is ready to do what we can to unlock new capital investment into the state.”
The business mission will also take in high-level investment and trade meetings with leading green energy, hydrogen, wine and seafood industry representatives as well as senior Singapore Government ministers.
Southeast Asia is one of the world’s fastest growing regions and presents opportunities for South Australia’s seafood producers to diversify their markets, one of the key initiatives of the Seafood Export Growth Program.
Currently, South Australia exports $2.7 million in seafood to Singapore, and $13.3 million to the broader region each year.
South Australia’s total exports to Singapore grew by 12.8 per cent to $255 million in the year to October 2024. Singapore is also the state’s ninth largest source of foreign direct investment, with $1.26 billion invested in South Australia between January 2003 and September 2024.
