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25 projects worth RMB 79 billion set for Hengqin

Traditional Chinese medicine manufacturers and key state laboratories will be anchor tenants in Macao’s fast-growing new neighbour.

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Traditional Chinese medicine manufacturers and key state laboratories will be anchor tenants in Macao’s fast-growing new neighbour.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 22 Dec 2023, 4:40 am

Twenty-five projects with an agreed investment of RMB 79.3 billion are planning to operate from the Guangdong-Macao Cooperation Industrial Park in Hengqin, Lin Keqing, executive deputy governor of Guangdong province, has announced.

Hengqin has played an initial role in promoting the diversification of Macao’s economic development, said Lin.

It has attracted 4,578 enterprises from the Macao Special Administrative Region to register there, while 314 Macao businesses are operating in Hengqin, Lin added.

According to Xinhua, Lin noted that an industrial park of traditional Chinese medicine jointly built by Guangdong and Macao has fostered 50 Macao pharmaceutical projects, and four key state laboratories in Macao have set up branches in Hengqin, incubating 613 innovation and start-up projects from Macao.

The central authorities issued a general plan for building a Guangdong-Macao in-depth cooperation zone in Hengqin on 5 September.

 

UPDATED: 22 Dec 2023, 4:40 am

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