Singapore’s water sector splashes

water_dropDue to Singapore’s own water security needs and increased demand from voracious Chinese investors, the city-state has risen to the forefront of research and development in water, such as desalination technology.

The most immediate result has been a surge in the amount of water companies. According to Singapore government statistics, companies in the water sector have doubled to about 100 from 2006, with $371.2 million being injected to fund water research.

Among this growing list is Hyflux Ltd, Singapore’s largest listed water treatment company, which is owned by Jim Rogers, who co-founded the Quantum Fund with investor George Soros.

“Singapore should be one of the world’s dominant players in water. It should be the Silicon Valley of water,” said Rogers.

In the same time span from 2006, Singapore water companies sealed 100 international projects worth close to $7.2 billion, namely China, which is planning to spend $850 billion over the next decade to improve its water security problems, resulting from pollution, overpopulation and desertification.

Water security has increasingly been a concern in Singapore, where research funding has been aggressively aiming to cut down dependence on imports from Malaysia.

However, with the water Malaysia supply agreement expiring in 2061, Singapore now has good reason to be experimenting with reservoirs, recycled water and desalination.

 



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Due to Singapore’s own water security needs and increased demand from voracious Chinese investors, the city-state has risen to the forefront of research and development in water, such as desalination technology. The most immediate result has been a surge in the amount of water companies. According to Singapore government statistics, companies in the water sector have doubled to about 100 from 2006, with $371.2 million being injected to fund water research. Among this growing list is Hyflux Ltd, Singapore’s largest listed water treatment company, which is owned by Jim Rogers, who co-founded the Quantum Fund with investor George Soros. “Singapore...

water_dropDue to Singapore’s own water security needs and increased demand from voracious Chinese investors, the city-state has risen to the forefront of research and development in water, such as desalination technology.

The most immediate result has been a surge in the amount of water companies. According to Singapore government statistics, companies in the water sector have doubled to about 100 from 2006, with $371.2 million being injected to fund water research.

Among this growing list is Hyflux Ltd, Singapore’s largest listed water treatment company, which is owned by Jim Rogers, who co-founded the Quantum Fund with investor George Soros.

“Singapore should be one of the world’s dominant players in water. It should be the Silicon Valley of water,” said Rogers.

In the same time span from 2006, Singapore water companies sealed 100 international projects worth close to $7.2 billion, namely China, which is planning to spend $850 billion over the next decade to improve its water security problems, resulting from pollution, overpopulation and desertification.

Water security has increasingly been a concern in Singapore, where research funding has been aggressively aiming to cut down dependence on imports from Malaysia.

However, with the water Malaysia supply agreement expiring in 2061, Singapore now has good reason to be experimenting with reservoirs, recycled water and desalination.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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