Singapore attracted record $16 billion in investments last year

Singapore attracted a record $16 billion in fixed asset investment last year, the Economic Development Board said today.

This was a 16 per cent increase from the investments that flowed to Singapore back in 2011, a positive sign given that the global economy remains weak.

When fully realised the investments will generate an additional $20.3 billion of value to the economy and generate 18,600 jobs.

EDB said that the strong investment interest proves that Singapore remains an attractive location for companies.

This year, investments are likely to taper off, given the uncertainty in the global economy as well as Singapore's own physical limitations of land and manpower.