| 2.37 Beyond our traditional services
industries like finance and logistics, we will
continue to grow new services industries like
education, healthcare, and the creative industries.
Our efforts are showing results. In education,
we have brought in 16 leading international universities
including INSEAD, Duke University, MIT and University
of Chicago Graduate School of Business. We have
also attracted the first private foreign comprehensive
university, the University of New South Wales,
which is expected to reach an enrolment of 15,000
students in 15 to 20 years’ time.
2.38 In healthcare, foreign patient numbers are
growing rapidly – on average 20% per year.
In 2005, about 374,000 foreign patients sought
medical treatment in Singapore. They come not
only from Indonesia and Malaysia, our traditional
markets, but increasingly from the rest of Asia,
particularly the Middle East. They seek treatment
both at private and public sector institutions,
attracted by our high medical standards, and reputation
for quality and reliability.
2.39 In the creative industries, Singapore is
attracting international design companies such
as BMW Designworks, digital media firms and media
funds. Singapore talents and enterprises are also
making their mark abroad. Eric Khoo’s film
“Be With Me” has won critical acclaim
at numerous prestigious international Film Festivals.
Singapore's first 3D animated film, “Zodiac,
the Race Begins” has been sold to 22 countries
after it was showcased at Cannes. To encourage
creative talents, I have decided to include industrial
design, interactive and digital media as new fields
qualifying for the existing tax concessions that
exempt 90% of the royalties earned by these creative
individuals.
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