Singapore, 2 September 2025 – Deputy Minister for Enterprises and Made in Italy, Valentino Valentini, concluded today a mission to Singapore, a country of central importance for Italy’s projection towards the Indo-Pacific region. The visit aimed at consolidating bilateral economic and industrial relations and exploring new opportunities for cooperation with local and international partners.
During institutional meetings with the leadership of the Ministry of Trade and Industry (MTI) and the Economic Development Board (EDB), accompanied by Ambassador Dante Brandi, Valentini explored synergies between the two economic systems in the fields of innovation, energy transition, and advanced manufacturing. Particular attention was given to the possibility of extending cooperation to third markets, such as Africa, building on the discussions initiated during the recent Singapore-Africa Business Forum.
A central outcome of the mission was the signing of three bilateral agreements that strengthen cooperation in key sectors for future development:
- SACE SpA and Silicon Box Pte Ltd signed a Memorandum of Understanding to expand collaboration in the semiconductor sector;
- SACE SpA, Prysmian SpA and Sembcorp Industries Ltd. signed a Memorandum of Understanding to collaborate on energy transition projects in Southeast Asia;
- The University of Turin and Nanyang Technological University signed a Memorandum of Agreement on joint supervision of doctoral programmes.
“The agreements signed today confirm our shared commitment to building a long-term partnership, combining Italian industrial and technological expertise with Singapore’s innovative capacity. Working together on sustainability, innovation and education means creating value for our enterprises and strengthening our mutual competitiveness in global markets”, stated Valentini.
The Deputy Minister also met with the leadership of Temasek, a global investment company headquartered in Singapore, and some of its major portfolio companies, underlining the resilience of Italy’s industrial system and the attractiveness of the country as a destination for industrial and financial investment. In this context, reference was made to PSA’s role in developing and managing maritime terminals in Genoa and Venice, and ST Telemedia Global Data Centres’s ongoing investment, through its subsidiary VIRTUS Data Centres, to establish a data centre in Milan.
At the Italian Chamber of Commerce in Singapore, Valentini met with representatives of Italian companies active in the local market and discussed with the Singapore Business Federation concrete plans to strengthen cooperation between family-owned enterprises, following the mission of a Singaporean business delegation to Lombardy and Piedmont last July.
In an interview with CNBC, Valentini addressed the outlook for international trade in light of recent tariff tensions, reiterating the centrality of Asian markets for the consolidation and development of economic and commercial partnerships in support of Italy’s industrial system.
