The Government is to recommend – still this year – an additional 50 projects from small- and medium-sized enterprises (SMEs) from Macao for the Guangdong-Macao Cooperation Industrial Park, in Zhuhai Prefecture, Guangdong Province. Those projects are related to: tourism and leisure; logistics; research and technology development; cultural and creative industries; and medicine and health. The Macao Trade and Investment Promotion Institute and the Hengqin New Area Management Committee will soon arrange a briefing session for the promoters of the recommended projects, to provide them with information on how to set up facilities in the Park and how to take advantage of the favourable business opportunities provided by the Park. The Hengqin New Area Management Committee will decide which of the recommended projects are to be accepted in the Park. The decision will be made based on: how well each project fits with the Park’s overall development plan; the project’s nature; and its investment scope. The Government recommended in April 2014 a total of 33 projects from Macao for the Guangdong-Macao Cooperation Industrial Park. The promoters of 16 of those projects have already acquired land plots in the Park. Those 16 projects represent an aggregate investment of 80 billion patacas. Among those 16 projects, 12 are now in the construction phase. Some of the projects are expected to be ready in two years. To further develop regional cooperation ties, the Government will continue to strengthen communication with the Hengqin New Area Management Committee regarding the development of the Guangdong-Macao Cooperation Industrial Park, in order to create more business opportunities for SMEs from Macao. This effort is in line with the Government’s strategy to promote diversification of the city’s economy by taking advantage of the growing number of available opportunities in terms of regional cooperation, and to make further contributions to the development of the Silk Road Economic Belt and the 21st-Century Maritime Silk Road (collectively known as “Belt and Road” initiative).
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