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.