Infrastructure for Long Term Growth
The Government completed Phase 1 of the development of the Marina Bay Financial Centre (MBFC) in 2010. This is part of an initiative to seamlessly extend the existing business district and double the size of the financial district to support the long term growth of Singapore's financial industry. The newly completed Towers 1 and 2 of the MBFC provide a total of 1.62 million square feet of prime Grade A office space and offer financial institutions with purpose-built facilities meant to cater to their front and mid-office needs. Tower 3 of the MBFC, which will be the largest office Tower in Singapore when completed by 2012, comprises 1 million square feet of prime office space. The MBFC, together with Changi Business Park, are two major new physical clusters developed to cater to the next phase of growth of the Singapore financial centre.
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