The blue economy and seasteading: A key growth driver for Singapore
With infrastructure the primary cost of floating charter cities, the city-state is home to major investors with deep experience in property, maritime and infrastructure ventures.
SINGAPORE is well-positioned to capitalise on the convergence of the growing blue economy and the emergence of seasteading, with the potential to become a prime mover in the development of floating cities.
The city-state, a commercial hub for the Indo-Asia Pacific (Indo-APAC) region, has the key elements needed to capitalise on this opportunity and grow its external economy in the process. Moreover, its experience developing industrial parks in China, India and Vietnam, as well as its offshore engineering capacities, can be translated to the development and administration of floating cities.
Seasteading - the concept of creating permanent, autonomous communities dwelling at sea - can best be understood as floating charter cities administered by a third-party guarantor government, with the free movement of people, capital and goods.
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