Las Vegas Sands has awarded a multi-billion-dollar construction contract for the expansion of Marina Bay Sands to Singapore-based developer Woh Hup Private Limited.

The move marks a major milestone in the long-anticipated IR2 expansion project, reinforcing Singapore’s position as one of Asia’s premier integrated resort markets.

A Landmark Expansion Moves Into Execution

The IR2 expansion will introduce a new era for Marina Bay Sands, featuring:

• a soaring all-suite luxury hotel tower
• signature rooftop and dining experiences
• luxury retail boutiques
• gaming, spa and wellness amenities
• ~200,000 sq ft of premium meeting space
• a purpose-built 15,000-seat arena

This next phase is designed to redefine Singapore’s premium tourism and entertainment landscape.

Strong Local Partnership Anchors the Project

The selection of Woh Hup Private Limited reflects a strategic choice:

• strong track record in large-scale construction
• deep familiarity with Singapore’s regulatory environment
• experience in delivering complex infrastructure projects

Partnering with a local developer also supports execution efficiency and risk management, critical for projects of this scale. 

Founded in 1927, Woh Hup has played a key role in shaping Singapore’s skyline, including projects like:

• Gardens by the Bay

• Jewel Changi Airport

Patrick Dumont highlighted this alignment:

“Woh Hup has played a defining role in shaping Singapore’s development, and we are pleased to work with a local company that has contributed to many of the nation’s iconic landmarks.”

He added:

“This appointment further reinforces our commitment to ensuring Singaporean companies continue to benefit from our long-term presence and future growth, creating opportunities that extend across local industries and the broader economy.”

Meanwhile, Woh Hup Chairman Kim Yong said:

“We are privileged to be appointed as the main contractor… a project that will stand as a new symbol of Singapore’s ambition and global stature.”

Marina Bay Sands: A Proven Economic Engine

Las Vegas Sands also emphasized the scale of Marina Bay Sands’ contribution to Singapore’s economy.

In 2025 alone:

• SG$2.64 billion (US$2.06 billion) in annual business spending
• 90.8% of procurement directed to Singapore-based enterprises
• approximately 1.2% contribution to Singapore’s GDP

Operational performance remains significant:

• 36+ million visitors welcomed
• 2,000+ MICE events hosted
• ~1.4 million delegates at the Expo & Convention Centre

Dumont underscored this impact:

“Our economic contribution reflects the trust Singapore has placed in Marina Bay Sands and the many local partners, businesses and workers who help power our operations every day.”

He further noted:

“It also underscores the scale of Marina Bay Sands’ economic footprint and the breadth of industries that benefit from our presence – from tourism and hospitality to retail, entertainment and the wider supply chain.”

And reaffirmed long-term commitment:

“We remain strongly committed to contributing positively to Singapore’s economy in a way that is sustainable and in step with the country’s long-term ambitions.”

Strategic Insight: IR2 Is a Next-Generation IR Model

IR2 is not just expansion—it is a redefinition of the integrated resort model.

The project is designed to:

• deepen ultra-luxury positioning
• increase spend per visitor rather than footfall
• strengthen Singapore’s leadership in MICE and live entertainment

The inclusion of a large-scale arena signals a pivot toward event-led tourism and global entertainment positioning.

Unique Angle: Local Integration as a Strategic Advantage

One of the most important elements of this project is its deep integration with Singapore’s local ecosystem.

By prioritizing:

• local contractors
• domestic procurement
• long-term partnerships

Las Vegas Sands is building not just an asset, but a sustainable economic network.

This approach strengthens:

• regulatory alignment
• community support
• long-term operational resilience

Final Take

The awarding of the IR2 construction contract marks a defining moment for Marina Bay Sands and Singapore’s tourism future.

Backed by strong local partnerships and a clear premium strategy, the expansion is set to raise the global benchmark for integrated resorts.

As Patrick Dumont emphasized through multiple statements, this project is not just about growth—it is about long-term commitment, economic impact and shaping Singapore’s next chapter as a global tourism leader.