Page 87 - Demo

Develop dedicatedlogistics nodesReform the siteallocation mechanismConduct economic reviews andformulate industrial policies Establish a statutory body for the development of strategic industriesThe lack of policy support and coordination of land use for the logistics sector is mainly due to the absence of an industrial blueprint to guide both Government departments and market players. Although periodic reviews such as HK2030 and HK2030+ are carried out by the Development Bureau, the studies are rather focused on land use planning and infrastructure development, without much effort given to painting a clearer image of the city’s future economic development.34In comparison, Singapore convenes its Economic Review Committee to deliberate future strategy for economic development roughly every ten years. The committee is usually co-chaired by high-level Government officials and top executives from the private sector. The committee will take in views from academics, professionals, experts and the public, and forms recommendations to the Government on strategies for future economic growth. Based on the recommendations, the Singapore Government will form industrial blueprints to consolidate and implement study results by the Economic Review Committee.35Relocate Kwai Tsing Container Terminals34 Asia Pacific Institute for Strategy. (n.d.). 2030香港經濟將會如何？ 35 Ministry of Trade and Industry Singapore (n.d.). The Future Economy Council. Recommendation 4: Conduct economic reviews and formulate industrial policies85