Singapore water companies are targeting China in an effort to gain the lion's share of the huge market as Singapore water executives highlight guaranteed revenues and profits. They further note that China's coastal regions are expected to make increasing use of desalination plants to tap seawater, adding to the range of water projects the country is already offering to international investors. Strong demand is also expected from multinational corporations setting up industrial and process plants in the country, according to the officials of Singapore water companies investing in privatized projects. Beijing is also committed to driving up water quality standards, which would offer further opportunities for continuous upgrades, say the officials. Chinese demand for new water projects is strong, as many areas are facing acute water shortages, Lester Tay, financial controller of Singapore-listed Asia Water Technology Ltd, told GWR.
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