Singapore received a record $8.7 billion in new investments in 2006, according to the Singapore Economic Development Board. Those investments also resulted in the creation of 26,800 jobs.
Some of the largest investors included a multi-billion dollar investment from the Shell Eastern Petroleum Cracker and MEG Plant, as well as electronic investments from Intel and Samsung.
The country is also seeing a rise in record-setting facilities. Natural Fuel is investing in one of the world’s largest biodiesel plants in Singapore, Singapore Copper Technologies is building one of the largest integrated copper refineries and Seagate Technology is building one of the largest disk media plants.
Many of the new investment projects involve complex manufacturing activities like engine manufacturing, cutting-edge wafer fabrication technologies, biologics production, world-scale chemical processes and high purity metal refining.
For 2007, due to a moderate economic growth prediction, the Singapore Economic Development Board expects investments to be $7.15 to $7.5 billion.