NDR 2022: These Industries Were Highlighted & Why You Need To Look Out for Them

The National Day Rally 2022 on 21 Aug 2022 (Sunday) made several big announcements.

Amongst the topics touched on such as the cost of living and inflation, some industries were repeatedly highlighted during the rally.

Specifically, these industries are aviation, maritime and biomedical or pharmaceutical.

You might’ve heard Singapore’s Prime Minister Lee Hsien Loong spoke about the plans for Changi Airport Terminal 5 (T5), Tuas seaport and the Biomedical field.

For real, they sounded really exciting.

You should look out for these industries, and here’s why!

Changi Airport Terminal 5 – The Future of Aviation Remains Bright

Ask any Easties what they do in the East, most of them would likely tell you “Go airport lo, there’re so many things there!”.

PM Lee has shared that the planning and construction of Changi Airport’s fifth terminal, T5, will finally continue.

The terminal is expected to be the size of all current terminals combined. As far as we know, it’s been redesigned to provide more flexibility in adjusting airport operations and air traffic, thereby making it more adaptable to future pandemics.

One notable feature of this terminal is that it’ll be greener and more energy efficient.

T5 will be a Green Mark Platinum Super Low Energy Building as certified by the Building and Construction Authority. To reduce its carbon footprint, solar panels, smart building management systems, as well as district cooling combined with thermal energy storage, will be deployed in the terminal.

~ Ministry of Transport

Besides the green features, T5 will be automated with robotics handling baggage, and there’ll be multiple contactless touchpoints.

It’s futuristic for sure, and I can’t wait to drop my luggage on a robot!

The terminal is also estimated to carry around 50 million travellers annually, and the project cost is approximately $10 billion.

Just next to T5, there’ll be a lifestyle and business Changi East Urban District, and is said to create more job opportunities!

Changi Airport Terminal 5 Main Contractors

Since we’re talking about a growing industry, we should also talk about the companies that are involved in this mega project.

These companies are:

• Architectural design for landside works: Heatherwick Studio, KPF (Singapore), Architects 61
• Engineering and consultancy: Surbana Jurong Consultants, Arup Singapore and Mott MacDonald Singapore
• Design of commercial spaces: DP Architects
• Programme management and civil consultancy services for the landside and airfield works: Changi Airport Planners and Engineers (CAPE) along with Arup, Mott MacDonald, and Surbana Jurong
• Design consultants: Speirs + Major, James Corner Field Operations, Lichtvision Design, The Fountain Workshop, Bruce Mau Design and Entro
• Land preparation work: Penta-Ocean / Koon joint venture
• Strategic review of the terminal, airfield, and cargo / industrial zone: Dornier Consulting International

Architects 61 is the brain behind Changi Airport Terminal 1, which consists of the popular “Kinetic Rain” sculpture, and dome-like roof design.

Besides Changi Airport, the company also designed Marina One and Little India MRT Station.

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Mega Tuas Port in Singapore

By now, you would’ve heard about the plans to consolidate all seaports to form one mega Tuas Port.

This consolidation is conducted in four phases, and it’s currently in Phase 1.

This essentially frees up space for the Greater Southern Waterfront, where public housing within this area will be considered under the Prime Location Public Housing.

Last year, Singapore handled 37.5 million TEUs and held the position as the world’s busiest transhipment hub.

(TEU stands for twenty-foot equivalent unit and it’s a measure of volume in units of twenty-foot long containers)

This port is automated by driverless vehicles and uses artificial intelligence to coordinate operations, and is estimated to handle 65 million TEUs 20 years from now!

Singapore’s Biomedical Sector is Thriving

Another industry that PM Lee shone the spotlight on was the biomedical science industry.

When the COVID-19 pandemic hits the world, the pharmaceutical businesses grew from the development of vaccines.

New methods to treat COVID-19 such as oral antiviral drugs are also popping up.

Certainly, there’ll be expectations that this industry is expected to continue growing and become more relevant as there’re new diseases, such as Monkeypox.

This industry currently employs 25,000 workers and contributes nearly one-fifth of Singapore’s manufacturing Gross Domestic Product.

One more thing.

More jobs are also expected to be created, according to PM Lee that the Government will announce new initiatives soon.

If you’re thinking of investing in any of these companies, make sure you read up sufficiently before committing any.

Disclaimer: The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. ​Readers should always do their own due diligence and consider their financial goals before investing in any stock. The writer may have a vested interest in the companies mentioned.

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