Tech spending to hit $28b amidst 6% surge
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Singapore's technology expenditure is projected to reach nearly $28 billion in 2026, marking a 6% increase from the previous year, driven by government-led IMDA programs supporting AI and digital transformation. Major investments include AWS's $11.54 billion commitment through 2028 and Google's $6.41 billion for its Jurong West data center. Telecom infrastructure is also advancing with Singtel's deployment of 5G+. However, talent shortages in AI training remain a significant challenge, with government plans to triple the AI practitioner pool by 2029.
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