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24


Economy & Finance


Work in progress S


ome businessmen might feel that investing MOP600 million in an industrial park without having


secured a single tenant may seem bold. But that is what the Macau government is doing with the Chinese traditional medicine industrial park on neighbour- ing Hengqin Island, being co-developed with the authorities in the province of Guangdong. So far no private company has made


a commitment to set up in the park, where construction began in April, says the director-general of the Administra- tive Committee of Hengqin New Area, Niu Jing. “We are  nishing the planning job and after that the investment prospect-


JULY 2011


ing will start,” Mr Liu explained. “Some enquiries and questions have already been made by companies and institu- tions,” he added. Mr Niu was speaking during the


fourth Delta Inter-Chamber Event (DICE), which took a look at urban planning in the Pearl River Delta. Or- ganised by Macau Business and Delta Bridges publications, the event was held at So tel Macau at Ponte 16. Besides Mr Niu, among the invited


speakers were Rui Leão, vice-president of the Architects Association of Macau, and Sunny Liu, managing director of EcoTech Environmental. (Read more in Entertainment.) One of


the reasons that potential


Macau is already pouring money into developing Hengqin Island together with the Guangdong authorities but there is still much to be de ned


investors are taking it slow may be that details of several of the preferential poli- cies for companies operating on Heng- qin have yet to be announced. For in- stance, it is still not clear what the status of a Macau company setting up manu- facturing premises on Hengqin would be, and whether it would be able to say its products are “Made in Macau”, since it would be operating on mainland soil. Questions to the of ce of the sec-


retary for economy and  nance on this matter were not answered, but an of cial said a sales effort was being planned. “In regards to your questions about


Hengqin Island development, please be informed that the Macao Trade and In- vestment Promotion Institute will launch


Photo: António Falcão


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