Singapore's Economic Development Board (SEDB) has struck a deal with the University of New South Wales (UNSW) that allows the Australian university to become the first private overseas university-level institution to establish a campus in Singapore.
UNSW Singapore is the first of two overseas universities the country is expected to allow over the next 10 years as part of a plan to become a "global schoolhouse," with 150,000 foreign students learning there at any one time.
The university-level segment will be the anchor of this education hub, which is designed to take advantage of a growing need for international education, said Cindy Koh, assistant head of education services at SEDB. She told
"The international higher education market is estimated to be worth about USD $30 billion," Koh said. "Singapore only has an estimated 1%...