27 May '11, 5am

Water Industry To Add S$1.7B To Singapore's GDP By 2015: Investments from 2006 - 2010 will contribute S$590M and...

Singapore's water industry is on track to contribute S$1.7 billion in annual GDP value-add by 2015. According to the Environment & Water Industry Programme Office (EWI), investments in the water sector in the five years from 2006 to 2010 will contribute some S$590 million in value-add to the economy when fully realised. These investments will also potentially create 2,300 new jobs. Local water companies have also tapped into opportunities overseas and have secured S$8.4 billion in investments. Countries include China and the Middle East. According to EWI partners, the water industry has grown due to: conducive marketplace wealth of test-bedding platforms R&D and financial support provision of innovation opportunities There are some 70 local and international water innovation companies in Singapore currently. EWI is an inter-agency office, led by national water agency PUB, ...

Full article: http://www.business.gov.sg/EN/News/20110527WaterIndustry

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