THE SINGAPORE STORY_ API/SPE Joint Meeting 9 December 2014 EDB provides this presentation (including oral statements) gratuitously for information only and not for any other purpose. While care has been expended in the preparation of this presentation, EDB hereby disclaims all liability including, but not limited to, inaccuracies, incompleteness or lack of suitability for purpose of any information in the presentation.
Singapore Economic Development Board (EDB)_ OUR MISSION We create for Singapore, sustainable economic growth with vibrant business and good job opportunities. WHAT WE DO Industry Development and Business Facilitation Attract Foreign Investments Grow Industry Verticals Enhance Business Environment 2
ASEAN_ Land Area: 4,435,617 sq km (half the size of USA) Total Population: 616M Current real GDP Growth: ~5% 10 States Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Source The Economist, OCED s Economic Outlook for SEA 2014, DB Research 3
Rise of ASEAN: In figures_ *List not exhaustive 4
Rise of ASEAN_ Rapid economic growth & rise of a vibrant middle class are fuelling opportunities in ASEAN, but deepening integration is also important. Growth Potential of ASEAN 1999 to 2012, ASEAN grew by annual average of 5.5%, doubling in size in 13 years. Despite current headwinds, SEA is expected to grow at a similar pace for the foreseeable future. ASEAN Economic Integration ASEAN Economic Community a region with free movement of goods, services, investment, skilled labour & freer flow of capital. Rise of ASEAN Consumers ASEAN s consumer market of US$320 billion is larger than India and close to that of coastal China. *List not exhaustive 5
How big is Singapore? 6
Singapore s Past A trading post since 13 th century Modern Singapore was founded in 1819 by Sir Stamford Raffles Spore became centre of govt for the British Straits Settlements Blossomed as a free port trading with India, China, Europe and US Attained self-government in 1959, joined Malaysia in 1963 and finally became an independent nation in 1965. However, 1965 was a story of.. 14% Unemployment rate GDP per capital ~ US$450 50% illiteracy 600,000 people living in slums (~30% of population) No industries No resources, not even water 7
GDP/Capita (US$) Our Industrial Transformation_ 40000 35000 GDP per capita 80x in 47 years Into 2010 and beyond: Innovation Intensive 2000s: Knowledge Intensive 30000 25000 20000 15000 10000 5000 90s: Technology Intensive 80s: Capital Intensive 70s: Skills Intensive 60s: Labour Intensive 0 1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008 8
Singapore: at the heart of Asia Pacific_ In a region of more than 4 billion people.. Area 710 sq km Population 5.3 million, where 1 in 4 are non-singaporeans Half the world s population in a 7-hour flight; Southeast Asia within 3 hours 4 official languages GDPUS$293 billion per capitaus$54,260 tradeus$777 billion 9 Home to 7,000 Multinational Corporations; 44% of Asia Pacific Headquarters are located in Singapore
Global Leadership in Key Marine & Offshore Segments_ 60% of jack-ups, 50% of semi-subs 70% of FPSO conversions 20% of specialized vessel repairs 20% of OSVs & AHTs Leading Asia Pacific location for O&G equipment manufacturing & engineering Leading offshore supply base in Asia US$260mil redevelopment Reaching Middle-East to Sakhalin 10
A Diverse & Comprehensive Energy Cluster_ Oil majors Oilfield Services & Seismic Survey Oil & Gas Equipment Class Societies Shipyards, FPSO, EPCI, Drilling Contractors Oilfield chemicals 11
Industry Relevant Talent_ Strong Science and Engineering 24,511 53% 19,430 47% Others Science/Engineering 47% of graduates with engineering/ science qualifications each year* *Singapore Yearbook of Manpower Statistics Specializations National University of Singapore Mechanical Engineering Civil Engineering Final year specialization- Final year specialization- Offshore O&G Technology Offshore Engineering (New) MSc in Offshore Technology (New) Subsea Engineering Professorships (New) Petroleum Engineering Professorships Nanyang Technological University Mechanical Engineering Final year specialization- Marine & Offshore Engineering (New) Naval Architecture & Marine Engineering Professorships Ngee Ann Polytechnic Diploma in Maritime and Offshore Technology Civil Engineering MSc in Offshore Engineering 12
Centre for Offshore Research & Engineering_ Research centre at NUS focused on: Structural Systems Seafloor & subsurface engineering Subsea systems Three-Phase Oil-Water-Air Flow Loop at NUS: 13
R&D Programmes for Deepwater_ Collaborating with Singapore partners in key focus areas to strengthen R&D programmes for the Oil & Gas equipment sector Ruggedized Electronics Multiphase Flow Analysis Materials Innovation Innovative micro-electronic technology for high pressure/ high temperature electronics Accurate modeling of multiphase fluid behavior under extreme conditions Composite materials for riser and subsea piping, innovative materials for O&G equipment 14
Expanding in Singapore: 3 dimensions_ Is about the Clusters that we have built up in Capital, Knowledge, and Innovation industries based on our core fundamentals of Trust, Knowledge, Connected and Life 15
Future Ready Singapore_ www.edb.gov.sg Content and information on investing in Singapore 16
Contact Singapore_ www.contactsingapore.sg Content and information in the website has been segmented according to our target audience s life stage. Information on work, lifestyle, moving, etc. Comprehensive information on Work, Live and Play in Singapore 17
Images courtesy of the Singapore Tourism Board 18
Images courtesy of the Singapore Tourism Board 19
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Images courtesy of the Singapore Tourism Board 21
Thank You For more information, please contact: Mr Jonathan Marc Yap Centre Director, Americas Email: edbhouston@edb.gov.sg Web: sedb.com