Macau Unveils Third Five-Year Plan with 8 Goals to Boost Non-Gaming Economy
Crhk · 2 SOURCESabout 2 hours ago2 MIN
Summary
The Macau SAR government officially published the Third Five-Year Plan (2026-2030) on Friday, marking a strategic shift toward economic diversification. Chief Executive Sam Hou-fai presented the comprehensive blueprint at a press conference, positioning it as a guiding document for the next stage of high-quality development. The plan introduces 8 major goals and 35 measurable indicators covering security, governance, economy, and social welfare.
Key Points
- Macau's Third Five-Year Plan covers 2026-2030 with 8 strategic goals and 35 development indicators
- The government aims to raise non-gaming industry GDP share to approximately 60% by 2030, up from current levels
- Four major engineering projects and a government guidance fund will serve as key implementation tools
- The plan prioritizes "1+4" diversified industries alongside the traditional gaming sector
- Ruins of St. Paul's area renewal and old district revitalization are among the physical development priorities
- Hengqin Cooperation Zone integration and Macau-Zhuhai urbanization will be accelerated
- Public consultation collected 1,716 submissions with 8,230 individual opinions
- The consultation feedback was 2.6 times greater than that received during the Second Five-Year Plan period
Why It Matters
The plan signals Macau's determination to reduce reliance on casino revenues amid mainland China's ongoing crackdown on cross-border gambling and capital outflows. By setting an explicit 60% non-gaming GDP target, the government is committing to structural economic transformation that could reshape the territory's economic landscape within five years. Successful implementation would make Macau a model for diversified urban development among China's SARs.
The plan signals Macau's determination to reduce reliance on casino revenues amid mainland China's ongoing crackdown on cross-border gambling and capital outflows. By setting an explicit 60% non-gaming GDP target, the government is committing to structural economic transformation that could reshape the territory's economic landscape within five years. Successful implementation would make Macau a model for diversified urban development among China's SARs.