Home News Tech

Singapore to spend $25 billion between 2021 and 2025 to carry momentum in science and technology

Amala Balakrishner
Amala Balakrishner12/11/2020 04:54 PM GMT+08  • 5 min read
Singapore to spend $25 billion between 2021 and 2025 to carry momentum in science and technology
$25 billion, or about 1% of Singapore's GDP set aside to sustain investments in Research, Innovation and Enterprise from 2021-2025
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The Singapore government will set aside $25 billion, or about 1% of its GDP to sustain investments in Research, Innovation and Enterprise (RIE) between 2021 to 2025.

This comes as "science, technology and innovation will be critical to overcome Covid-19 and in enabling us to emerge stronger," Deputy Prime Minister Heng Swee explained at a virtual press conference on Dec 11.

Dubbed the RIE2025 plan, this will to build on the progress of previous investments in RIE, as science and technology remain key to shape Singapore’s ability to meet future challenges and respond to shifts in the global economy, he added..

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.