Chief Executive Sam Hou Fai stated yesterday that Macao’s technology industry is expected to stimulate the city’s economic development and generate high-quality employment opportunities. He emphasised that the tech industry will be a vital component of Macao’s future.
He made these comments while chairing the year’s inaugural plenary meeting of the government-appointed Science and Technology Council at the Forum Macao Complex.
According to Macau Post Daily, the Chief Executive noted that global trade and geopolitical shifts were necessitating national self-reliance in science and technology, adding that Macao must leverage “historic” opportunities from the global technological revolution and digital economy to build an innovation-driven industrial system.
Sam also referenced President Xi Jinping’s visit to Macao late last year, during which the leader praised local higher education institutions’ scientific research.
[See more: Shenzhen has opened a new university for science and technology]
President Xi encouraged researchers to “maintain their good work, reach new heights, and achieve even more outstanding results.” He also urged Macao to use its unique advantages to act as a bridge for showcasing China’s scientific and technological progress globally.
Technology is one of the four new key industries in the government’s “1+4” economic diversification plan – so called because it emphasises that the central pillar of tourism will be supported by four key industries: life sciences (especially traditional Chinese medicine), finance, technology, and the production of large scale events such as international sporting tournaments and world class exhibitions.
Sam’s 2025 policy address, delivered in April, outlined the government’s commitment to increased support and investment for diversifying industries.
This includes establishing a mechanism for identifying investment projects aligned with Macao’s long-term development, and expediting a study on new public funds to promote nascent industries and convert research into industrial development.
This article was drafted by AI before being reviewed by an editor.
