Paul Tse, the head of Keck Seng Group, one of Macau’s biggest real-estate developers, said the sector’s best is yet to come in anticipation of the next phase of growth driven by human capital expansion.
In an interview with the Macau Inc. Magazine, the top executive of the group that built Ocean Gardens, said what excites him most is the outlook for the growth of the city’s human capital: “We have plenty of financial capital with which to work. Yet where we are poised for the most significant growth in the coming decade is in human capital.”
“When you consider that our population is going to jump from around 550,000 now to between 750,000 and 900,000 (envisaged by the government in its population policy consultation paper) within a very short space of time, you have to understand this requires a lot of consultation, a lot of soul searching, to find the best model for such development…once the final decision has been made about Macau’s direction, it will become clearer to everyone what our policy will be on the development of human capital,” Pau Tse said.
“Fortunately people have been coming home already, inspired by the boom since 2002. This will continue. We need people with the right skill sets to drive new industries, such as MICE business. We need engineers, architects, bankers, accountants – these are the people who will drive Macau’s future,” he added.(macaunews)