This has been achieved through liberal air transport policy as a catalyst for aviation growth coupled with extensive development of hotels, resorts, retail precincts and attractions driven by the Singapore Tourism Board (STB). The STB manages the Tourism Development Fund, a S$2 billion fund set up to support infrastructure development, capability development, anchoring iconic and major events and product development (Singapore Tourism Board, 2012). Taking advantage of global growth in cruise tourism, Singapore has completed an upgrade of its existing terminal facilities and the development of new facilities.