Editor’s note: Outlook is CNN's in-depth look at business climates around the world. To August 12, 2012, we’re focusing on Singapore.
Singapore (CNN) – The glass skyscrapers of the business district is how much of the world sees Singapore. Drive to the west of the city state and you see a very different view where the real economy is hard at work.
In tiny Singapore they make things, lots of things, and sometimes in partnership with companies like Keppel, very large and expansive things like oil rigs.
It is perhaps surprising to learn that around a quarter of Singapore’s GDP comes from manufacturing and is a world leader in oil rig manufacture. Keppel hope to keep that position and is currently building 30 oil rigs, with 20 set to be delivered next year. Each one costs at least $200 million.
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