The transformation of our economy will begin in Jurong. The Jurong Innovation District (JID) will take shape over the next 5 to 10 years. Yesterday, Heng Swee Keat showed this video of what JID will look like in his #SGBudget2016 speech.
The JID is part of an Industry Transformation Plan to strengthen enterprises and industries, and to promote growth through innovation.
The world economy is changing. We need to renew our economy and invest for the long term.
The government will work closely with businesses and trade associations to strengthen our workers and firms to be employable and competitive.
MTI will give more details in the coming weeks during the Committee of Supply. Meanwhile, this infographic gives you the gist of the Budget 2016 announcements: bit.ly/1WNxSfn
- LHL
#SGBudget2016 sees the launch of an exciting new development: the Jurong Innovation District. It will represent the future of innovation for enterprise, learning, and living.
Over the years, Jurong has been transformed from swampland into a thriving hub for the manufacturing industry that powered Singapore’s economic growth. Now, we will make another leap to create the industrial park of the future.
The Jurong Innovation District will create an environment to house research, innovation, and production activities within a single, next-generation industrial district. This has the potential to transform how we live, work, play, learn, and create.
Watch this video to see how the Jurong Innovation District could look like when it is completed!
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