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According to the Singapore Economic Development Board (EDB), investment commitments in 2016 will lead to the creation of 20,100 jobs when the projects are fully implemented.
“Investment commitments in 2016 met or exceeded EDB’s forecasts for all indicators,” EDB stated in a press release.
“For 2017, investment commitments are expected to be comparable to 2016 levels,” it added. Investments commitments this year are forecasted to create between 19,000 to 21,000 jobs.
With the goal of cementing Singapore’s position as a vibrant and thriving economy with business opportunities that generates sustainable growth and good jobs for locals, EDB looks to work with companies including large local enterprises to identify and grow new business areas from Singapore.
Additionally, EDB will partner other government agencies such as SkillsFuture Singapore and Workforce Singapore, companies and institutes of higher learnings to ensure that there is a pipeline of fresh graduate and mid-career entrants into the manufacturing workforce.
Photo / iStock