The Board of Directors of Genting Singapore Limited announced that it has approved a total investment of around SGD 6.8 billion. The company is confident that this investment will firmly anchor RWS as the most sought-after tourism destination in Asia, and propel the Group's strong future growth. This investment will be funded through internal resources.

The Waterfront development has received government's provisional permission with construction set to commence in 2024. The Waterfront development comprises approximately 700 hotel keys and experiential lifestyle content in a captivating blend of biophilic architecture that is designed by award winning firm Benoy. Coupled with a striking new waterfront sculpture designed by Heatherwick Studio, it will transform Singapore's skyline and form a monumental gateway to RWS and the new Greater Southern Waterfront precinct.

As an update, the transformation of the Forum, the Minion Land in Universal Studios Singapore and the Singapore Oceanarium, are progressing well and expected to soft open in early 2025.