45 investment deals across multiple key sectors inked in Hengqin aimed at closer partnership with Macao
Hengqin has successfully secured 45 new investment projects as part of its co-development efforts with Macao. The signing ceremony, marking the third anniversary of the inauguration of the administrative organizations of the Guangdong-Macao In-depth Cooperation Zone in Hengqin, took place on August 26, 2024.
These new projects span various sectors such as bio-pharmaceuticals, digital trade, cultural tourism, cross-border e-commerce, technology innovation, and high-end manufacturing. Notably, nine of the signed projects involve Macao fund, further strengthening the economic ties within the region.
The growing collaboration between Hengqin and Macao is fostering a conducive business environment, offering enterprises extensive opportunities to connect with global markets. Representatives of the signed projects expressed optimism about the future of Hengqin-Macao cooperation, highlighting the potential for further business expansion and development.
Hengqin has reported robust economic growth, with a 6.1% year-on-year increase in gross domestic product, reaching nearly 25 billion RMB in the first half of 2024. The area is currently home to over 58,000 business operators, with 6,400 of them linked to Macao capital.
Reporter: Eastbrook
Editor: Nan, Nina, James
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