Macau Government to Invest US$16 Billion in Next Five Years to Boost Economic Contribution of Non-Gaming Sectors

Macau government to invest US$16 billion in next five years to boost economic contribution of non-gaming sectors

Macau’s Chief Executive Sam Hou Fai stated in an article published Tuesday that the SAR will invest MOP$130 billion (US$16.1 billion) over the next five years, aiming to raise the contribution of the gross value added (GVA) of non-gaming sectors to around 60% of Macau’s GDP by 2030. The Chief Executive noted that “appropriate economic diversification is the essential path to Macau’s long-term prosperity and stability – an imperative task for the…

Non-gaming spending by visitors up 17.4% in 1H

The total non-gaming spending by visitors to Macau in the first half (1H) of this year increased by 17.4% year-over-year, reaching MOP44.47 billion, the Statistics and Census Service (DSEC) reported. In the same official statistics release, the DSEC also reported that per-capita spending by these visitors, excluding gaming spending, increased by 7.8% to MOP2,123. Further analysis shows that, as expected, the largest share of spending was generat…