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Why Singapore is a key beneficiary of China's $850b water facilities upgrade
Big-name investors are coming, says Reuters.
According to a report by Reuters, water companies in Singapore are attracting big-name investors as they profit from exporting their expertise to China, which plans to spend $850 billion over the next decade to improve its scarce and polluted water supplies.
Reuters also noted that Singapore is a hub for water technology because of its own concerns about water security. With few domestic freshwater resources of its own, the city-state has been trying to reduce its reliance on imports from neighbouring Malaysia, where politicians have in the past threatened to turn off the taps.
Read full report here.
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