Investments pour into SG logistics
Singapore - Singapore's logistics sector has seen investments amounting close to S$500 million in 2009.
"As global logistics and supply chain management (SCM) companies seek to capitalise on Asia's growth, Singapore's world-class logistics capabilities and sophisticated lead market presents a strategic site for them to identify and respond to rising opportunities in Asia," says Julian Ho, assistant managing director of Singapore Economic Development Board.
With the investments fully implemented, it will create more than 1,200 jobs for SCM planners, managers, research engineers and skilled workers.
The investments are expected to contribute S$207 million in value-added per annum.
"Singapore's logistics sector is undergoing a transformation to more innovative activities. Singaporeans can look forward to more challenging and rewarding jobs in developing innovative supply chain solutions that increase companies' top-line while yielding environmental benefits," says Ho.
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