The target for private investment in Taiwan has been set at NT$1.027 trillion (US$31.8 billion), up 2.62 percent from this year's target, the Ministry of Economic Affairs (MOEA) said Friday. The MOEA estimated that the electronics and information sectors will still receive the biggest share of investment at NT$394 billion, while investment in the chemical industry is expected to nearly double, from NT$167 billion in 2009 to NT$320 billion in 2010, because Kuo Kuang Petrochemical Technology's petrochemical project is expected to enter the substantive investment stage next year. The officials said that thanks to the global economic rebound and the efforts put forth by the ministry, they estimate that private investment will reach 80 percent of this year's target of NT$1.001 trillion. 