- With the implementation of major construction projects coming on stream, there will be an increase in manpower demand in the E&M Engineering sector. In particular, the projected total construction expenditure of E&M works for public and private sectors will be increased from some $43 billion in 2020-21 to $58 billion in 2024-25 and the five railway extension projects that will begin in 2023.
- In addition, the Chief Executive announced in her 2021 Policy Address that the northern part of Hong Kong will be developed into a metropolitan area. Together with the reclaimed land of Kau Yi Chau Artificial Islands under the Lantau Tomorrow Vision; these two projects would create more residential, commercial, and industrial buildings in future that will bring many business opportunities for the E&M Engineering sector.
The latest annual progress report of the Long-Term Housing Strategy projected that the total housing supply target for the 10-year period from 2022-23 to 2031-32 would be 430,000 units. The increasing supply of housing will sustain the steady growth of the gas sector.
The third runway of the Hong Kong Airport will be put into operation in the second half of 2022. Thereafter the Centre Runway will be closed for reconfiguration, conducted in parallel with other works of the third runway project, with the target of completing the construction of the third runway in 2024 as planned. It is expected that the three runways will be able to handle the targeted annual passenger and cargo volume of around 120 million and 10 million tons respectively, which will bring more business opportunities to the aircraft maintenance sector as well as its manpower demand.