The MSAR and Hengqin are ideal for developing the health, beauty and medical tourism industries, according to the chairman and founder of Foxconn Technology Group, Terry Guo, who met with Chief Executive Chui Sai On on Monday to exchange opinions on Macau’s intention to diversify its economy.
Foxconn is part of the Hon Hai Group, based out of Taiwan, and is famous for manufacturing various elements of Apple’s iPhone products.
Apart from suggesting medical-related industries, Gou also perceived that the development of MICE (Meetings, Incentives, Conventions and Exhibitions) in the city would have a positive impact upon the MSAR’s economic diversification.
According to official data from the Statistics and Census Bureau (DSEC) the city’s first quarter saw an increase of 61.8 per cent in the number of participants and MICE attendees year-on-year.
Meanwhile, the CE remarked that Macau’s co-operation with Hengqin is based upon the
Guangdong-Macau Framework Co-operation Agreement, saying that the co-operation demonstrates friendly long-term relations with Guangdong Province.
In particular, the co-operative development of the traditional Chinese medicine technology industrial park is positively progressing, and the CE suggested possible collaboration with Gou’s Health Care Group.
Being supported by the MSAR Government to be developed in Hengqin, the Traditional Chinese Medicine Science and Technology Industrial Park of Co-operation between Guangdong and Macau (GMTCM) is expected to be operational in the first half of this year.
By April, the park had attracted 10 investment projects from the MSAR and already signed land-leasing contracts, with total investment hitting RMB2.3 billion (US$335.4 million/MOP2.7 billion).
The CE previously stated that the MSAR Government welcomes entrepreneurs to make use of the city as a platform to encourage mutual development.
