MACAU will become more attractive to foreign investors as Hong Kong's reversion to Chinese control looms closer, says Macau Trade and Investment Promotion Institute president Joao Domingos. Because of its longer transition period to mainland control, in 1999, Mr Domingos said Macau offered investors two years to observe the effect of Chinese authority on Hong Kong's economy, while still receiving high rates of return on their investments. Mr Domingos and Macau director of economic services Maria Cesar were speaking at the American Chamber of Commerce in Hong Kong yesterday. Ms Cesar said: 'Macau's handover to China will occur two years after that of Hong Kong. 'Despite the apparently short difference in time, it will provide the entrepreneurial community with a great deal of knowledge.' Mr Domingos said the absence of conflicts between China and Portugal over the territory's transition was another source of confidence for investors. Improved overland access to China would make Macau more attractive, he said. The extension to Macau of both the highway and railroad connecting Guangzhou and Zhuhai were expected to be launched in coming years, he said. 'The territory is ideally placed to become one of Guangzhou's major gateways to the rest of the world,' Mr Domingos said. Direct access from Macau to Guangzhou would continue to grow in importance because the Guangzhou-Hong Kong axis was already near saturation. 'The future belongs to the [Macau] side of the Pearl River delta,' Mr Domingos said. For manufacturers in high value-added industries, the opening to traffic of the Macau International Airport on November 9 would create opportunities, Mr Domingos said. The airport would allow fast, direct access to the global market for producers of computer chips, electronics and pharmaceuticals. Macau had been actively seeking to attract less labour-intensive, higher value-added industries, Mr Domingos said. 'We want good, competitive industries, but what sector doesn't matter,' he said. 'We care about quality.'