Singapore announces second airport logistics park to strengthen global transshipment role
3 Oct 20243 min read
Summary
- Singapore will develop a second Airport Logistics Park (ALPS2) by 2030 to boost its capacity as a global air cargo transshipment hub. The new park will expand annual air cargo handling from 3 million to 5.4 million tonnes and operate as a Free Trade Zone, enabling faster response to time-sensitive logistics and strengthening Singapore’s competitiveness in regional distribution and freight forwarding.
- Deputy Prime Minister Gan Kim Yong announced the initiative at Singapore Supply Chain Connect 2024, highlighting it as part of a broader strategy to enhance connectivity, capabilities, and capacity amid global supply chain shifts. The move comes as Southeast Asia attracts record investment from brands diversifying production and seeking faster routes to market.
- ALPS2 complements long-term infrastructure projects like the Tuas mega port and Singapore’s extensive network of Free Trade Agreements. Together, these initiatives reinforce the nation’s position as a critical supply chain node, supported by ongoing investments in digital transformation, sustainability, and talent development.
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