Macao wants to transform itself into a technology and innovation hub, with non-gaming ventures to account for 60 per cent of its GDP.
MICE SECTOR IN FOCUS
The casino operator hopes to attract multinational companies to hold annual conferences and corporate summits in Macao by expanding and upgrading its convention facilities. “It's a competitive region and people are going to be the difference maker. We've got to have the best people.” It recently launched the Micro Connect Macao Financial Assets Exchange, which offers funding for small Chinese businesses hoping to expand.In 2020, the International Monetary Fund found that only 14 per cent of the city’s workforce outside the gaming sector were high-skilled.
“We identified some emerging industries with the policy address released by the Macao government and we have also consulted some industry experts,” said Ms Alice Fong, functional head of the University of Macau’s graduate school. People line up at a government office for entry and exit matters which provides services including making or renewing passports or permits to go to Hong Kong, Macao and Taiwan, after China reopened borders, in Beijing, China January 9, 2023. REUTERS/Yew Lun Tian
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