What, does this meat listen to Bach and speak 8 languages?
Singapore is a small island with no land for agriculture. A large majority of their food source is imported. So you can imagine securing their food supply is a primary concern for them. This pandemic actually put a spotlight on that as well.
Being able to produce more food on less land, and lab meat makes perfect sense. (Its entire survival plan is very similar to Israel's from its disproportionate armed force especially the air force to water security and food. Public bomb shelters etc)
Anyway, this will enable them to produce some of their food supply locally without sacrificing too much land. And it is the government's stated goal to produce, I think, like 30% of their food locally.
All this is about food security. They just don't want to be cut off from food supply too easily.