The ambitious target has been laid out in Macao’s latest five-year plan, but could prove challenging given gaming’s enormous contribution to the economy
Belt and Road initiative
As part of his visit to Beijing, Adriano Maleiane met with President Xi Jinping and potential investors in large infrastructural projects in Mozambique.
The US$70 million facility comprises performance and meeting venues and can accommodate up to 1,500 people.
Chief Executive Ho Iat Seng promises ongoing support for the organisation, set up to boost trade and investment between China and the lusophone countries.
Leaders of the world’s most populous and sixth most populous nations are set to meet in Beijing to cement a growing friendship that will be keenly watched by Washington.
Ho Iat Seng points to relaxed Covid-19 measures, new gaming concessions and Macao’s focus on Big Health, modern finance, high tech and other new areas of city’s economy.
Chief Executive Ho Iat Seng says accord will provide fresh opportunities arising from Belt and Road Initiative.
Help sought for high-speed rail systems, green transport and cross-border infrastructure, among others.
China plans to encourage Chinese enterprises to invest and start businesses in Timor-Leste, contributing to its development and revitalisation.
