Technology research industrial park set to progress gradually

Macau will progress in an orderly manner with the construction of the technology research industrial park, with authorities confirming yesterday that extensive public consultations will be conducted from next Thursday through December 26 regarding site selection, planning, and funding arrangements. The 2026 Policy Address outlines four major construction projects for Macau: the Macau-Hengqin International Education (University) Town, the Macau International Integrated Tourism and Cultural Zone, the Macau Pearl River West Bank International Air Transport Hub (Port), and the Macau Science and Technology Research and Development Industrial Park. Notably, the education town and the integrated tourism and cultural zone are set to begin graduate-level teaching next year, while the latter is currently gathering public feedback. Investment in the cultural area will depend on future circumstances, with annual public investment expected to remain around MOP20 billion, consistent with recent years. Presenting his second Policy Address on Tuesday, Chief Executive Sam Hou Fai provided further details on the progress of the technology research industrial park, stating, “We will finalize the development plan for the park, including conducting preliminary consultations and research on its requirements, industrial positioning, functional layout, and development model.” He emphasized the need to expedite subsequent budget preparation and project tendering, initiate the hiring of a project management company, and actively attract investment. Sam also mentioned that support from central government ministries and commissions would be sought for the park’s development. He noted that prior to the park’s completion, the technology research industrial park will be established to attract technology enterprises and projects in fields such as integrated circuits, artificial intelligence, and digital technology. “These four initiatives aim to diversify the economy,” he added. Secretary for Economy and Finance Anton Tai will conduct extensive consultations regarding the technology research industrial park by month-end, with plans to leverage decades of mainland China’s technological development experience. “We will adapt to Macau’s actual conditions and fully leverage the benefits of ‘One Country, Two Systems,’” Sam stated. The primary focus of the technology park will be on research and development, centered around Macau’s technology research industry. Leveraging Macau’s four national key laboratories in biotechnology, traditional Chinese medicine, and integrated circuits, the park will also advance space technology through initiatives like Macau Science 1 and Macau Science 2. “I look forward to hearing everyone’s input, particularly from the technology sector,” he said. Sam referenced his previous visits to Changsha, the Pearl River Delta, and Beijing to observe their technological advancements, highlighting that Macau can draw from their successful experiences, especially in biomedicine and digital technology. He revealed plans for a phased development of the technology industry, stating, “This will be a gradual process.” Meanwhile, the establishment of the government’s industrial fund and guiding fund is anticipated by the end of this year or early next year.