Date
20 September 2017
Macau finds Hengqin's investment threshold too high and its land allocation too small. Photo: Bloomberg
Macau finds Hengqin's investment threshold too high and its land allocation too small. Photo: Bloomberg

Macau to seek more land from Hengqin, paper says

Macau Chief Executive Fernando Chui said his government will apply to rent more land from Hengqin as part of plans to diversify its economy and promote regional cooperation, Macau Daily reported Wednesday. 

He said the five square kilometer Guangdong-Macau Cooperation Industrial Park in the special economic zone is not enough.

“A lot of industrial projects want to enter Hengqin, so we will apply to the central government for more land,” Chui told legislators.

Also, Hengqin’s investment threshold is too high, discouraging many Macau companies from expanding into the area, he was quoted as saying.

After Hengqin, Macau will seek cooperation with three development zones in Guangdong province — Nansha, Cuiheng and Jiangmen.

The central government has given Macau authority over its territorial waters, giving it more flexibility in land reclamation and water transport development, Chui said.

– Contact HKEJ [email protected]

JH/JP/RA

 

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