Singapore firms explore Bali opportunities beyond tourism and property

Singaporean companies are showing greater interest in Bali’s healthcare, education and other service industries as the island seeks investment beyond its traditional tourism base, Singapore Chamber of Commerce Indonesia chairman Shoeb Kagda said at its Bali chapter launch on Nov 12.

Kagda said inquiries about Bali were increasing, although the chamber had no consolidated count of potential investors exploring entry. It intends to help Singaporean and Balinese businesses establish partnerships over the next 12 to 24 months.

The launch makes SingCham Indonesia the first international business chamber with a Bali chapter. Kagda identified wellness, sustainability and professional services among the sectors attracting interest, alongside healthcare and education. He said workforce development could also offer opportunities as Bali builds skills for industries outside tourism.

Singaporean businesses already operating on the island include The Ascott, part of CapitaLand Investment, and Banyan Tree Holdings. The establishment of Anglo-Chinese School Bali at the Kura Kura Bali development has extended that presence into education.

Medical services and wellness are the focus of the Sanur Special Economic Zone, which houses the state-owned Bali International Hospital. Kagda said more competitive domestic medical facilities could retain some spending by Indonesians who seek treatment overseas, while attracting foreign patients.

Bali is also developing the nearly 500-hectare Kura Kura Bali Special Economic Zone to attract financial services, education and creative industries. According to Indonesia’s Investment Ministry, Singapore was the country’s largest foreign investor in 2025, contributing US$17.4 billion, or 30.9 per cent of total foreign investment. Foreign investment into Bali reached Rp18.1 trillion during the first nine months of 2026.