Macau: British companies urged to invest in Macau

10 November 2008

Macau, China, 10 Nov – British companies specialising in training, education and the environment are being encouraged to invest in Macau, according to Andrew Seaton, the British Consul-General to Hong Kong and Macau, cited by MacauNews.

Speaking in Macau Friday, Seaton said despite the world economic crisis there were plenty of opportunities for British companies to set up businesses or invest in Macau.

Seaton also noted that Asia was seen as an attractive proposition for European companies because there was still economic growth in the region.

Seaton described the relationship between Britain and Macau as “very good” and said this had been strengthened by the success of the training camps held in Macau by the British Olympic and Paralympic teams prior to Beijing

There are around 700 British citizens living in Macau and last year Britain exported 18 million pounds (225 million patacas) worth of goods to Macau.

In return Macau exported 29 million pounds (364 million patacas) worth of goods to Britain, a 22 per cent increase from the previous year, with the majority of goods originating from the mainland.

Meanwhile, the chairman of the British Business Association of Macao (BBAM) and general manager of the Macau branch of Citic Ka Wah Bank, Henry Brockman, told MacauNews that the number of British companies investing in Macau had increased dramatically over the past few years. (macauhub)