 The Economic Development Board was set up in 1961 by Goh Keng Swee, and with the assistance of Dutch economic advisor Albert Winsemius, national economic strategies were formulated to promote Singapore's manufacturing sector.Industrial estates were set up, especially in the reclaimed swampland of Jurong, and government ministers toured the world in order to try to attract foreign investment.The government offered new investors tax holidays of 5–10 years.