Singapore announces $112m RIE2030 funding for construction tech innovation
Singapore has allocated $112 million over five years to support construction technology innovation under RIE2030. The funding aims to boost research and real-world applications in the built environment sector.
Singapore has announced an additional $112 million in funding over the next five years to support construction technology innovation under the Research, Innovation & Enterprise 2030 (RIE2030) programme. This investment is aimed at advancing research and real-world applications in the built environment sector, focusing on safer demolition, smarter building maintenance, decarbonisation, and turning research into practical solutions.
What is RIE2030 funding?
RIE2030 is a five-year initiative designed to support the development and deployment of innovative solutions in the built environment. The funding will be allocated to projects that align with four key areas: safer and more productive demolition, smarter building maintenance, decarbonisation of the built environment, and the transition of research into real-world applications.
How will the funding be used?
The $112 million will be used to support research and development projects that address pressing challenges in the construction industry. This includes developing new technologies for safer demolition, creating tools for predictive maintenance, reducing carbon emissions, and promoting the adoption of innovative solutions across the sector. The government is also working with the National Research Foundation to support additional research and innovation in underground development.
What does this mean for contractors?
Contractors will benefit from the funding by gaining access to new technologies and solutions that can improve productivity, safety, and sustainability. The initiative encourages collaboration between the public and private sectors to co-develop new solutions and adopt promising innovations in real-world projects.
Key facts
- Singapore has allocated $112 million over five years to support construction technology innovation under RIE2030.
- The funding will focus on four key areas: safer and more productive demolition, smarter building maintenance, decarbonisation, and turning research into real-world applications.
- RIE2030 aims to support the development and deployment of innovative solutions in the built environment sector.
- The government is working with the National Research Foundation to support additional research and innovation in underground development.
- The first grant call for RIE2030 is expected to be launched later in 2026.
Source
Speech by Minister Chee Hong Tat at the Opening Ceremony of the International Built Environment Week 2026
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