The Energy, Engineering and Construction industries would represent a more diverse segment of our local economy with each carrying their own weight in contributing to Singapore’s GDP growth. Construction for instance has since 2006 and 2012 seen an average of 10% growth annually, and with the expansions intended in housing and public infrastructure BCA’s forecast for 2014 and 2015 rest between 20 to 28 billion dollars. Meanwhile, Engineering Services comprising of various clusters such as Geotechnical, Hydraulic, Offshore, Project, Structural and Transportation, just to name a few, account for 1.2% of GDP in 2011. With highly scalable and exportable expertise Singapore will capitalise on the exciting possibilities present in infrastructure development in the region to become the region’s knowledge base for Urban Solutions that include urban planning, transport systems and environmental solutions, among others.
Nowadays, companies are based in Singapore such as Arup, Jacobs Engineering, KBR, Fluor, Foster Wheeler, WorleyParsons, Yokogawa, Emerson and M+W Zander with comprehensive services ranging from front-end engineering design, consultancy and systems development to project and construction management for industries that include petrochemicals and biomedical sciences.