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  • By The Financial District

Dyson To Invest $1.1B In Its Singapore Global HQ

Dyson, the inventor of the bagless vacuum cleaner, said on Friday it would invest S$1.5 billion ($1.1 billion) in Singapore over the next four years, the newest phase of a S$4.9 billion global investment plan.

Photo Insert: Lee Hsien Loong, Prime Minister of Singapore, officially opened Dyson’s new global headquarters at St James Power Station.

When Dyson announced the global investment plan in 2020, it said the money would be divided between the company's global head office in Singapore, its two campuses in Wiltshire, southern England, and the Philippines.

On Friday, it launched its new global headquarters in a restored power station in the Southeast Asian city-state, where it plans to hire more than 250 additional engineers and scientists. The positions will span robotics, machine learning, high-speed electric digital motors, energy storage, and more.

Singapore is a hub for Dyson's research and engineering teams, as well as commercial, advanced manufacturing, and supply chain operations. It has more than 1,400 staff in the country, including 560 engineers and scientists.

Singapore, a low-tax global business center, has been ramping up efforts to lure technology and research firms.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

"This is the future for technology companies - to go wherever talent is available and made welcome," its prime minister, Lee Hsien Loong, said at the opening of the headquarters.

"It is also the future for Singapore - to welcome companies and talent, which can help make us a hub of new ideas and scientific progress."

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