Investment promotion institute sees investment surge

Investment projects handled by the Commerce and Investment Promotion Institute in the first half of the year is worth more than the total for the whole of last year.

According to an update on Wednesday from the organisation, which was given a new name earlier this year, the January to June period saw MOP1.32 billion (US$160 million), more than the cumulative value for the whole of 2023.

There were 199 new investment programmes, creating a total of 817 job placements.

More than 40 per cent of the total was linked to the city’s ‘1+4′ diversification drive, with the surge in investment said to reflect investors’ confidence in the city’s business prospects.

In the summary, the institute said MICE events held in the first six months attracted more than 170,000 participants.