Apart from the five-square-kilometre area known as the Hengqin Guangdong-Macau Co-operation Industrial Park, Hengqin Island has enough land for investors from Macau, the director of the Administrative Committee of Hengqin New Area, Niu Jing, said on Tuesday.
Niu made the remarks on the sidelines of a seminar at the Zhuhai Holiday Resort Hotel about the investment projects at the industrial park.
According to a statement released by the MacauTrade and Investment Promotion Institute (IPIM) earlier this month, the Macau government has recommended 50 investment projects whose representatives expressed interest in operating a business on Hengqin to the island’s authorities in 2014.
Yesterday’s seminar was about the guidelines and procedures of running a business in the industrial park. Representatives of the 50 projects attended the seminar.
Speaking to reporters, Niu assured investors that Hengqin has enough land for all the investment projects, adding that some of the approved projects have been allocated land outside the industrial park.
Niu also urged investors from Macau to come up with a well-planned project. “Don’t think about whether there’s enough land, just focus on your projects.”
“As long as the projects are good and able to drive Macau’s diversification, [the Hengqin authorities] will give a green light to the projects,” Niu said.
Hengqin has an area of 106.46 square kilometres, compared to Macau’s 30.4 square kilometres. The public University of Macau (UM) campus is also located there on a plot of land leased from the mainland.
The IPIM statement also said that of the 33 approved investment projects in the first “recommendation group” in 2014, 16 projects have already been allocated land. A dozen projects got off the ground this year and construction scheduled to be completed in two years, according to the statement.
According to the statement, the 50 projects are related to various sectors, such as tourism and leisure, scientific and technological development, and cultural and creative industries.