This page contains a Flash digital edition of a book.
25


will then be responsible for supervising the development of the industrial park, which will cover 5 sq km.


Sunset vista Mr Niu says plans are being drawn up to make Hengqin readily accessible. “After the construction of


the Jinhai


Bridge, reaching Hengqin will take only 15 minutes from Macau airport and eight minutes from Zhuhai airport.” The 106-sq-km island, just west of


Niu Jing


a promotional programme and of cially introduce the details about the arrange- ments, provided that the State Council of the People’s Republic of China ap- proves the policies for Hengqin Island,” a spokesperson told Macau Business.


What a relief Mr Niu plays down misgivings about the development of Hengqin. He says it will help Macau diversify its economy and “relieve pressure” on the congested SAR. “We are building a massive con-


struction and that is the reason why all the companies involved are very big companies,” he noted. The big projects already under way include the new cam- pus of the University of Macau and the Chimelong Ocean Kingdom theme park. Small and medium enterprises in


Macau have urged the government to help them grab a piece of the action on Hengqin. “There are many opportuni- ties to come,” is Mr Niu’s assurance to SMEs. To this end, his committee is negotiating with the Macau government and Macau-based companies, he says. One step towards getting SMEs in-


volved is the establishment of Macau In- vestment and Development Ltd, a com- pany created last month to coordinate Macau investment in the industrial park on Hengqin, to be developed in coop- eration with the Guangdong authorities. The traditional Chinese medicine indus- trial park will be part of this complex. The company, with initial registered


capital of MOP400 million, will sign a joint venture agreement with a corre- sponding company in Guangdong. Both


Macau, is the mainland’s third special economic area, after Binhai New Area in Tianjin and Pudong New Area in Shanghai. It is 200 metres from Macau by boat. The development project will


in-


clude industrial, of ce, residential and tourism areas. The goals are ambitious: to increase the population of 5,000 to 120,000 by 2015 and to 280,000 by 2020, when it is meant to have gross domes- tic product per capita of RMB200,000 (MOP248,000). To achieve that kind of growth, the


investment required is colossal. This year alone, RMB10 billion is expected to be invested in Hengqin, according to the Guangdong authorities. Mr Niu says growth will not be pur-


sued at the cost of the environment. Just less than one-third of the island is to be heavily developed, according to the present plan.


JULY 2011


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132