Macau launches 2026-2030 plan to diversify economy
Thestandard · 2 SOURCESabout 2 hours ago2 MIN
Summary
Macau on Tuesday unveiled its Third Five-Year Plan for Economic and Social Development for 2026-2030, presenting it as the city's roadmap for the next stage of high-quality growth . Chief Executive Sam Hou-fai said the plan is designed to advance "one country, two systems," strengthen Macau's role in national development, and guide policy execution over the coming five years .
Key Points
- The plan contains 10 parts and 36 chapters, with eight major development goals and 35 key socio-economic indicators for the 2026-2030 period .
- Its goals include national security, more effective law-based governance, economic diversification, Hengqin cooperation, education-technology-talent integration, better welfare, and a beautiful smart city .
- Sam Hou-fai said the government will pursue four major tasks, using four key engineering projects and government-guided funds to support diversified industries .
- Macau aims to lift the added value of non-gaming industries to about 60 percent of gross domestic product by 2030 .
- The government also plans to revitalize the area around the Ruins of Saint Paul's and speed up renewal of older districts and aging buildings .
Why It Matters
For Hong Kong readers, the plan shows how a neighboring SAR is trying to reduce reliance on gaming while tying urban renewal and technology policy more closely to national development strategies . Its emphasis on Hengqin integration and cross-border connectivity may also shape regional competition and cooperation within the Greater Bay Area over the next five years .