In the first 10 months of this year, the Macao Trade and Investment Promotion Institute (IPIM) backed 213 business proposals with a total investment of 1.3 billion patacas – creating more than 800 jobs in the process, it announced in a statement yesterday.
By comparison, during the three years of the Covid-19 pandemic, IPIM facilitated investments worth a cumulative 2.1 billion patacas, generating about 1,600 jobs across 2020, 2021 and 2022.
The agency said it accepted 73 percent of proposals submitted to its so-called One Stop service for investment seekers between January and October this year.
IPIM also supported 155 entities from lusophone countries in the first 10 months of the year – including helping Portuguese businesses set up shop in both Macao and Hengqin. Among other ventures, it helped wine businesses from Portuguese-speaking countries get their products into mainland Chinese chain stores, and assisted the bulk procurement of agricultural products from Portuguese-speaking countries by mainland enterprises.
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IPIM meanwhile collaborated with the Hengqin authorities, to encourage investments in the new commercial and residential zone.
“[We have] continued to attend and organise trade events at home and abroad, including in ASEAN regions, to attract international resources with the presence and competitive edge of Macao-Hengqin integrated development,” the bureau’s statement read, highlighting the assistance given to Macao businesses that wish to register in Hengqin.
“IPIM will enhance its function of investment promotion,” it added, “aiming to contribute to the appropriate economic diversification, improve employment opportunities, and sustain the good momentum of economic recovery.”
