Macau is zoning in on biomedicine, built-in circuits, digital know-how, and aerospace because it strikes ahead with plans for a brand new know-how industrial park across two strategic areas.
The proposed Macau Science and Technology Research and Development Industrial Park will likely be located adjoining to Macau International Airport and on the New Urban Zone E1, in accordance to particulars unveiled by the federal government on Thursday because it launched a one-month public session on the challenge.
The initiative is considered one of four main infrastructure tasks aimed toward steering town’s financial system away from its heavy reliance on gaming, and towards a extra diversified, innovation-driven future.
“Structural issues that constrain Macau’s comprehensive economic development still persist,” Secretary for Economy and Finance Tai Kin Ip mentioned on the session’s launch.
“To achieve sustainable development and provide broader opportunities, especially for young people, developing a science and technology research and development industrial park plays a key role in promoting high-tech industry growth and supporting appropriate economic diversification,” he added.
Location and scope
The park will likely be positioned in two key sites: an 83,000-square-metre plot on Avenida Wai Long, reverse the airport, and a 177,000-square-metre parcel on the west financial institution of New Urban Zone E1, one of many 5 newly reclaimed areas. Combined, the two areas will supply 650,000 sq. metres of building area, constructed out in two improvement phases.
The website at Wai Long will focus primarily on biomedicine, with plans for high-end analysis and improvement platforms and supporting infrastructure. Its location, away from densely populated residential areas, is seen as advantageous for accommodating laboratory and lightweight manufacturing actions.
With a building space of 500,000 sq. metres, the bigger E1 website will host the park’s digital know-how, built-in circuits, and aerospace know-how hubs, and can embrace infrastructure resembling an information and computing centre, a metropolis reception corridor, a public service hub, and waterfront exercise zones.
Macau and Hengqin
The authorities has positioned the park as a launchpad for Chinese tech companies increasing globally, significantly into Portuguese-speaking markets. It can also be supposed to function a touchdown base for worldwide frontier know-how tasks and as an area hub integrating {industry}, academia, and analysis.
The park will focus on innovation and analysis in Macau, whereas mass manufacturing and market deployment are anticipated to happen in close by Hengqin, the session doc mentioned.
“The park will focus on the high-end segments of the technology innovation value chain, with a core emphasis on research and development, innovative design, and the transformation of technological achievements,” Tai famous.
No funds but
The tech park is among the many four main infrastructure tasks introduced by Chief Executive Sam Hou Fai in his maiden Policy Address in April, alongside a college city in Hengqin, an built-in tourism and cultural zone, and an enlargement of the Macau airport.
Although no funds has been disclosed for the tech park, Sam indicated earlier this month that the federal government has allotted and can proceed to make investments round MOP20 billion (US$2.5 billion) yearly on main infrastructure tasks.
Publicly-funded agency for day-to-day operation
To oversee the park’s improvement, the federal government will deal with total positioning, planning, and main challenge recruitment, in addition to present coverage steering and focused help. A publicly funded firm can also be being thought of to handle infrastructure improvement, park operations, and funding promotion, the session doc mentioned.
The park will function one-stop companies, that includes property administration, firm registration, financing, model promotion, coverage coordination, mental property, and authorized affairs.
To foster a strong innovation ecosystem, a various vary of funding automobiles, together with enterprise capital, co-investment funds, and {industry} steering funds, will likely be launched, alongside non-public capital. Dedicated workplace area will likely be reserved for enterprise capital companies working throughout the park.
During the session marketing campaign, which runs till 26 December, four industry-specific classes and two public boards—scheduled for 3 and 14 December—will likely be held to collect suggestions from the general public and stakeholders on the proposed improvement.