Macau selects 33 projects for potential investment in Hengqing Island, China

15 April 2014

The “Commission for Evaluation of Investment Projects in Macau for the Development of Hengqin,” set up in 2013 to consider plans put forward by Macau investors for the 4.5 square kilometres of the Guangdong-Macau Industrial Cooperation Park, on the island next to Macau, Monday announced it had selected 33 projects that may be established in the area.

Jackson Chang, the president of the Macau Trade and Investment Promotion Institute (IPIM) and member of the evaluation commission said that 87 project proposals had been received for the areas of tourism and leisure, logistics and trade, scientific and educational research, the creative and cultural sector, new technologies, medication and healthcare.

According to a statement from IPIM the Macau government has decided to recommend that 33 projects be set up in the Hengqin area, which belongs to the neighbouring municipality of Zhuhai. Thirty percent of the projects are linked to the culture and tourism sector, 24.2 percent to the logistics sector, 9 percent to scientific and education research, and 3 percent to health and new technologies.

In its statement IPIM said that the projects were assessed based on diversification of the Macau economy, promoting Macau as a world centre for tourism and leisure, its role as a services platform, benefits to Macau’s resident in finding a job on Hengqin island, encouraging participation of local SMEs and the potential and size of the projects themselves.(macauhub/MO/CN)