Macau targets decreasing compulsive gambling habits
Unleashing Macau's Potential: A New Era of Economic Diversification
Welcome! Let's take a closer look at how Macau, the captivating destination famous for casinos and scrumptious cuisine, is stepping into a new chapter of growth beyond its gambling industry. Here's the lowdown on four exciting projects that are set to transform this vibrant city.
Embracing the Future: Major Projects for Macau's Economic Uplift
In a recent announcement, Macau's Chief Executive, Sam Hou Fai, outlined plans for four major projects aimed at reducing the city's reliance on gambling. These projects are part of a long-term strategy to achieve moderate economic diversification. The plan? A whopping investment of around 4.2 billion EUR!
Macau-Hengqin International Education City
Eager to empower the next generation, this gigantic project calls for a staggering MOP20 billion (approximately 22 billion EUR). At its heart lies the construction of the University of Macau's new campus, slated to welcome students in 2028. Future plans also include the expansion of the University of Tourism into this educational powerhouse.
Located in the Hengqin cooperation zone, which sits between the gambling capital of Macau and the Chinese mainland, the education city aims to nurture high-caliber experts, particularly in tourism, leisure, and international cooperations. This ambitious endeavor aligns with Macau's aspirations to become a global bridge between China and the West.
International Cultural and Tourism Quarter
Get ready for a world-class cultural explosion! This 13.2 billion EUR project promises an international integrated tourism and cultural district that is set to catapult Macau onto the global stage. The district will feature a National Museum, an international center for performing arts, and a museum of modern art as its cultural cornerstone.
Set to be located on the land between the Macau Peninsula and Taipa, this cultural hub is expected to open its doors within two to three years. Sam has expressed hope that Macau might become a leading cultural destination in Asia, generating international attention for China's cultural heritage.
Macau International Airport Expansion
Eager to take flight, Macau's international airport is set for a thorough upgrade, with the total investment reaching 6.6 billion EUR. The airport aims to become an international aviation hub on the western bank of the Pearl River, with studies focused on collaborating with Zhuhai Jinwan Airport to provide logistics and transport solutions for cross-border e-commerce and the high-tech industry in the Greater Bay Area.
Macau Technology R&D Industrial Park
Ready to innovate, this new tech park aims to become a magnet for research centers of international corporations. Custom-tailored infrastructures and funding mechanisms are in the works, with a focus on establishing high-tech companies from home and abroad in Macau. Site selection studies are currently underway, with the ultimate goal of integrating the park into the network of the Greater Bay Area, positioning Macau as a hub for technological excellence.
Stay tuned as Macau continues to evolve! The city is set to create new civil and economic legal regulations tailored to the Hengqin cooperation zone to ensure investors and businesses reap the benefits of these ambitious projects. These new regulations aim to provide higher legal certainty, predictability, and stability, ensuring a thriving future for all invested parties.
Remember, resources like iGamingBusiness, The Macao News, and external expert institutions will play crucial roles in shaping these groundbreaking projects, guiding Macau towards a brighter and more diverse tomorrow.
- Online casinos in Germany might find the new projects unfolding in Macau, such as the Macau Technology R&D Industrial Park, an interesting development, as it aims to attract high-tech companies, including research centers of international corporations.
- Macau, with its ambitious plans for economic diversification, could serve as a significant focus in the general news, especially in the context of world investment trends, as it is investing a whopping 4.2 billion EUR in four major projects.
- The Macau-Hengqin International Education City, a gigantic project aimed at empowering the next generation, could potentially draw attention from institutions specializing in global education and international cooperations, as it plans to nurture high-caliber experts in tourism, leisure, and international cooperations.
- As Macau moves towards becoming a global bridge between China and the West, it might attract the attention of media outlets covering international politics and diplomacy, given its ambition to promote cross-border e-commerce and high-tech industry collaborations with the Greater Bay Area and Zhuhai Jinwan Airport.
