According to a recent Bloomberg Report, Singapore’s Economic Development Board expects nothing short of S$12 Billion in investments and a resulting creation of 21,000 new jobs in 2010. According to the Board’s Chairman “EDB will seek to expand the investment flows from global and Asian companies making Singapore their home for business, for innovation and for talent. With this ‘Home’ strategy and the economic recovery, we expect investment commitments to be generally higher in 2010.”

With most economies well on the road to economic recovery, there seems to be a greater sense of optimism in business sentiments world-wide, especially in Asia and emerging market economies. Singapore in particular, has expressed confidence over its inward flow of investments. A number of factors contribute to this optimism.

Despite a global economic recovery, Asian economies with China at the forefront are embarking on a period of rapid economic growth, as compared to North America and Europe. Secondly, domestic consumption is set to rise among the Asian economies, especially in China and India. Moreover, Asia has the highest concentration of millionaires and is home to several High-Net-Worth-Individuals.

An additional factor is that Singapore’s emerging industries such as casinos, education and health-care are growing exponentially and create strong business growth opportunities for the hospitality and tourism sector. As a result a number of companies are looking at an aggressive expansion drive in Asia and Singapore is likely to be the preferred location as a regional operational base.

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According to the Board Chairman “Singapore’s fundamentals continue to attract companies. We remain competitive in attracting investment.” The Singapore advantage is its strategic location at the heart of ASEAN and access to 2.8 billion people within a seven hour flight radius; optimal investment climate; low corporate tax rates, ease of business set-up and company registration; productive labor force; and innovative work visa schemes.

Traditionally, the majority of FDI in Singapore has been from the US, UK, Japan and Netherlands. However, with Asian enterprises expanding regionally and internationally, Singapore can expect India, China and other Asian markets like Vietnam and Indonesia to contribute to its FDI.