The Singapore government announced on June 26 that it wants to create 10,000 new jobs in the technology sector over three years. In order to establish the city-state as a global hub for the digital industry the government will focus on jobs in the engineering, finance and software development.
S. Iswaran, Minister for Communications and Information noted that the jobs plan would be developed and managed by a new government office, Digital Industry Singapore (DISG).
One of the main roles of the DISG is to consolidate the efforts of existing public bodies to support local businesses, encourage investment from foreign technology firm and work with different industries to shape government policies. In order to accomplish this mission, the new office will bring together 45 officers from the Economic Development Board, Enterprise Singapore and the Singapore Info-communications Media Development Authority (IMDA).
Singapore’s Key Milestones for Strategic National Projects
Kiren Kumar, the Chief Digital Industry Officer of DISG said, “DISG will seek to achieve our mission to establish Singapore as a global-Asia technology hub.” DISG will provide grants and incentives to technology companies, investors and human resources / talent companies and assist companies in areas such as artificial intelligence, cybersecurity, e-commerce, fintech, mobility and ride-hailing.
As one example, DISG is supporting the ride-hailing company Grab, to establish its new headquarters in Singapore, which will house up to 3,000 employees and its largest research and development center.
Another aspect of DISG relates to the concept of “Digital Economy Agreements.” These are cooperation agreements among countries related to the development of the digital economy that will put in place clear rules for interoperability between digital frameworks and to guard against digital and data barriers. These framework agreements will involve private-sector entities and governments and establish international benchmarks, rules and regulations to address new areas such as artificial intelligence and digital identities.