Singapore far exceeded its forecast for investment commitments last year by pulling in $15.2 billion
Singapore far exceeded its forecast for investment commitments last year by pulling in $15.2 billion, 39 per cent more than in 2018.
This was driven by large manufacturing investments from semiconductor as well as energy and chemical companies.
The $15.2 billion of investment with the electronics industry accounting for some 28.4 per cent. It also exceeded the $10.9 billion of committed investments in 2018.
When fully implemented in the coming years, these projects will create 32,814 new jobs – almost double the forecast of 16,000 to 18,000 positions.
Companies across a variety of industries continued to establish and expand headquarter activities and hub services, as well as build digital capabilities for themselves and their customers