THE Economic Development Board (EDB), which has been hugely successful in attracting big foreign companies to set up job-creating operations in Singapore, is now turning its sights on rich individuals.

It has teamed up with the Ministry of Manpower (MOM) to scour the globe for rich, entrepreneurial foreigners to start businesses in Singapore - creating vital new jobs.

Together, EDB and MOM will run Contact Singapore - an 11-year-old programme previously run by MOM alone. Contact Singapore’s main objective was getting talented individuals to work in the Republic.

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