Início » FOSTERING THE GROWTH OF LOCAL SMEs

FOSTERING THE GROWTH OF LOCAL SMEs

Sands China launched its F.I.T. initiative in April 2017, offering Financial Support, Invitational Matching, and Training and Development to local SME suppliers. The initiative aims to encourage current and new local suppliers – local small, medium and micro suppliers; “Made-In-Macao” companies and Macao young entrepreneurs – to work with Sands China. By 2023, Sands China had recorded a gross procurement amount of MOP 8.4 billion, 26% of which went to SMEs, compared to 19% when the F.I.T. initiative was first launched in 2017.

Guilherme Rego

Sands Procurement Academy

The Sands Procurement Academy was co-organised by Sands China, the Macao Chamber of Commerce and the Macau Productivity and Technology Transfer Centre in 2017. Through the sharing of the most up-to-date business knowledge and skills, the academy helps SME suppliers gain experience and capacity for working with large-scale international corporations. There have been 14 cohorts of trainees to date, with suppliers earning a completion certificate and gaining preferential procurement opportunities with Sands China upon graduation. By the end of 2023, the Sands Procurement Academy had delivered 8,114 training hours and trained over 520 local SME suppliers, with 486 participants having successfully graduated.

Showcasing Macao

After three years of a global pandemic, Sands China remained committed to assist local SMEs to expand in the global market. The company held its first large-scale event, Macao Showcase, at Marina Bay Sands in Singapore last year. The three-day event invited sales and trade partners, regional and international media, Singapore’s residents, and travellers to experience the multifaceted charm of Macao as a world centre of tourism and leisure and a premier MICE destination. Sands China led a delegation of 200 local SMEs and media travelling from Macao to Singapore to promote the unique beauty and products of the SAR. The roadshow facilitated a number of SMEs to engage in procurement with Marina Bay Sands, thus entering the global market.

Tags:

Contact Us

Generalist media, focusing on the relationship between Portuguese-speaking countries and China.

Newsletter

Subscribe Plataforma Newsletter to keep up with everything!