Special Economic Zones in the OIC Region:
Learning from Experience
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integration and the creation of jobs. JTC deals with the administration of new firms entering the
zone as well as current firms.
At a high level, the organisational structure can be described by the organogram below:
Figure 21 – Jurong Island and Freeport Organogram
Source: BuroHappold Analysis 2017
5.3.5 Economic Profile
Jurong Island has acted as a catalyst for other economic activities in Singapore. More than 400
companies trading in petroleum and petroleum products have since been established in
Singapore, attracted in part by the storage capacity available, and the financial incentives as
mentioned in Section 9 The presence of many petrochemical company headquarters on
Jurong Island has, in turn, generated activity in subsidiary businesses, such as marketing and
sales, research and development, logistics, and other professional services.
Jurong Island has established itself as Singapore’s energy and chemical hub and has attracted
investment from 95 leading petroleum, petrochemical, speciality chemical and supporting
companies such as BASF, Lanxess, Exxonmobil, Dupont, Mitsui Chemical, Chevron Texaco, Shell,
89
questions-about
Singapore Economic
Development Board
(SEDB)
Jurong Town
Corporation
Jurong Port
Jurong Port
Administrative and
Management Bodies
Jurong Island
Jurong Island
Administrative and
Management Bodies