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Policy Address

Uplift the Productivity of the Construction Industry

57. In the next few years, the Government's annual capital works expenditure will exceed $100 billion. The DEVB will establish a cross-departmental steering committee for co-ordinating the development of high productivity construction methods such as Modular Integrated Construction (MiC) and the streamlining of related approval processes to remove barriers for the industry. The steering committee will formulate measures next year to strengthen the MiC supply chain, including making available land in the Northern Metropolis for manufacturing and storage of modules by the industry, and fostering collaboration with the GBA. In addition to expediting housing supply, these measures will strengthen the leading regional position of Hong Kong's construction industry in the adoption of MiC.

Support Local Tourism

58. We will continue to promote characteristic local tourism by allocating $600 million for a three-year Cultural and Heritage Sites Local Tour Incentive Scheme to encourage the tourism industry to develop products with cultural and heritage elements. In addition, the Hong Kong Tourism Board (HKTB) will launch a new round of Spend-to-Redeem Local Tours and Staycation Delights with increased quotas to enhance local ambience and consumption. To re-establish Hong Kong's position as the region's premier destination for meetings, incentive travels, conventions and exhibitions (MICE), the HKTB will enhance its support for MICE tourism in light of the epidemic development so as to attract more high value-added overnight visitors to Hong Kong.

Promote the Sustainable Development of the Agriculture and Fisheries Industry

59. The Environment and Ecology Bureau (EEB) will work hand in hand with the agriculture and fisheries industry to formulate a blueprint for the sustainable development of agriculture and fisheries to promote the upgrading and transformation, modernisation and sustainable development of the industry. An array of measures covering finance, infrastructure, land and technical support will be rolled out in phases by the EEB to raise the quality and value of local produces, as well as the productivity of the industry.