Life in Macau is booming according to analysts. However along with this growth comes the need to increase infrastructure in the Gambling Capital of The World.
Macau in the coming years is going to face challenging growth and small and medium-sized companies will have difficulty surviving, as they will be competing against the gambling and tourism industries, according to the Economist’s Intelligence 2008/2009 outlook.
The Economist Intelligence Report Unit’s most recent report states that the Macau government, with its coffers full, has to ensure that infrastructure projects meet the demand of the two sectors on which the territory bases its economy: Gambling and tourism.
According to the report, the greatest concern for Macau will be if its transport and other infrastructure projects will be enough, “especially now that approvals for new construction and infrastructure projects have slowed dramatically in the wake of the high-profile sentencing of the former secretary for transport and public works, Ao Man-long, to 27 years’ imprisonment on corruption charges
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