The Singapore Economic Development Board (EDB) and the Brabant Development Agency (BOM) have signed a Memorandum of Understanding (MOU) to enhance economic relations between Singapore and Brabant, the Netherlands. This agreement, announced on 20 May 2025, aims to develop complementary business ecosystems by facilitating knowledge exchanges, talent development, and joint research initiatives.
The collaboration will focus on several key sectors, including deeptech, digital technologies, climate-neutral energy solutions, health, and sustainable food systems. These areas encompass semiconductors, artificial intelligence, cleaner energy systems, medtech, and agritech, among others. The MOU leverages Singapore’s status as a business hub in Asia and the Netherlands’ position as a gateway to Europe, providing a platform for mutual growth and innovation.
Jermaine Loy, Managing Director of EDB, highlighted the significance of the partnership, stating, “This new MOU between Singapore and the Netherlands paves the way for closer collaboration between our business and innovation ecosystems.” Daan de Cloe, Managing Director of Foreign Investments & International Trade at BOM, added, “This MOU strengthens this relationship and offers a unique perspective on a common development of futureproof and game-changing industries.”
The agreement also includes plans to establish discussion platforms involving academic institutions, public-private partnerships, and investors to foster open innovation. Additionally, there will be opportunities for cross-border learning for students and academic staff from both regions.
This MOU marks a significant step in the 60-year trade relationship between Singapore and the Netherlands, promising to nurture competitive industries and talent in both countries.
“`
