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Friday, May 3, 2024

Marina Bay Sands’ Billion-Dollar New Era!

Marina Bay Sands - logoIn an era when architectural marvels signify the progress of nations, Marina Bay Sands is poised to redefine Singapore’s skyline once again. With a vision that blends luxury with innovation, the iconic resort announces a multi-billion-dollar expansion, embarking on the final phase of its design enhancements. This transformative project promises to bolster Singapore’s position on the global stage, offering unparalleled economic, employment, and visitorship benefits.

Designed by the illustrious Safdie Architects, the expansion is not merely an addition but a reinvention. Moshe Safdie, the mastermind behind the original marvel, is set to infuse his architectural genius into a new luxury hotel tower, a 15,000-seat entertainment arena, and additional premium MICE (meetings, incentives, conferences, and exhibitions) space. The new building will soar into the skyline with its sky roof and redefine hospitality standards with its all-suite offering. Meanwhile, the arena is poised to become Asia’s premier live entertainment venue, attracting global entertainers and top-tier events previously beyond the reach of Southeast Asia.

The strategic expansion comes at a pivotal moment, with full-scale construction anticipated to kick off by July 2025 and completion targeted by July 2029. Beyond its architectural splendour, the project is a testament to Marina Bay Sands’ unwavering commitment to driving high-value tourism growth in Singapore. With the ongoing support of the Singapore Government, the development is a calculated endeavour to enhance the island state’s leisure and business tourism appeal.

Artist impression of the expansion site showing the repositioned luxury hotel tower (left) and 15,000-seat entertainment arena.
Artist’s impression of the expansion site showing the repositioned luxury hotel tower (left) and 15,000-seat entertainment arena.

Patrick Dumont, President and Chief Operating Officer of Marina Bay Sands’ parent company, Las Vegas Sands, expresses confidence in the project’s potential to elevate Singapore’s status as a leading MICE destination and global entertainment hub. “This significant investment in Singapore will ensure Marina Bay Sands grows its contributions to the economy, employment, and tourism sectors in the years ahead,” Dumont stated, underscoring the strategic vision behind the expansion.

Since its opening in 2010, Marina Bay Sands has been a cornerstone of Singapore’s tourism sector, drawing over 470 million visitors. The resort’s contribution extends beyond tourism, having hosted more than 1,750 new-to-Singapore MICE events and supporting the local economy through job creation and engagement with small—and medium-sized enterprises. With more than 11,500 team members, this figure is expected to rise significantly, further embedding Marina Bay Sands as a key player in Singapore’s economic landscape.

The expansion project is distinct from a US$1.75 billion reinvestment in the existing property, which has seen the refurbishment of hotel towers and the introduction of new dining and luxury lifestyle amenities. As Marina Bay Sands embarks on this ambitious journey, it promises to enhance its iconic presence and set new benchmarks in hospitality, entertainment, and architectural innovation. The future of luxury and entertainment in Singapore is on the horizon, and Marina Bay Sands is at its helm, steering towards a dazzling tomorrow.

 

 

 

Written by: Kanda Limw

 

 

 

 

 

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