Non-gaming facilities to be brought on line in the third and fourth quarters of this year would help fuel Macao's economic growth, the Secretary for Economy and Finance, Mr Francis Tam Pak Yuen, said today. Mr Tam said mega shopping malls, convention and exhibition venues due to open in the second half of the year would help steer Macao towards a healthier and more diversified and sustainable economy. He described the year 2007 as a 'crucial time' for Macao's economic development. Macao recorded a real growth of 25.6% in its Gross Domestic Product (GDP) in the first quarter. As for the Mainland authorities' decision to revise the Facilitated Individual Travel (FIT) policy, Mr Tam said this was understandable and Macao would fully support its decision.
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