One thing Singapore needs more than anything else to continue growing is skilled workers. The hope is that a western standard of living, low taxes and a liberal immigration policy will successfully attract high potentials and top managers. Substantial investment in education, research and culture are also helping to make Singapore more attractive as a business location. Approximately one million foreigners already live in Singapore. If the government has its way, the country’s population will grow from currently about 4.5 million to more than six million inhabitants by 2020. The tropical island nation is made up of one main island and 63 smaller offshore islands. The main island has an area of 682 square kilometers. By reclaiming land along its shores, Singapore is attempting to create more space for its growing population.

Urban life in Singapore has many contrasting features: post-modern skyscrapers, luxurious shopping malls, and the traditional architecture of Chinatown. The goal is to further boost consumer spending – already much in evidence, especially on glamorous Orchard Road – by means of star-studded sporting events in downtown Singapore. A highlight in the city’s event calendar will be the first Formula One grand prix in the country’s history, to be held on September 28, 2008.