A new life science industrial park is under construction in Hengqin. It is situated on Qinghai West Road and is expected to significantly boost Macau’s technology and life sciences sectors.
The biopharmaceutical industrial park is part of a broader effort to establish Hengqin as a “science city” and solidify the GBA’s status as a leading innovation hub in China, according to the Hengqin Qinao Innovation Industrial Park Development and Construction (Hengqin IDC) company.
With a total floor area of 400,000 square meters, the three-phase project will receive RMB60 billion in investment and is scheduled for completion in the second half of 2025.
Ng Hong Kei, the general manager of a Macau-funded technology firm in the area told TDM, “the various science-related enterprises already established in Hengqin would greatly enhance the clustering effect sparked by new additions built as part of the science city.”
The park is set to receive substantial government subsidies, with up to RMB600 million available for major projects with global significance.
The government estimates the number of Macau residents living in Hengqin will rise significantly from 20,000 by the end of this year to around 120,000 by 2035 as integration between the two regions deepens.
While no specific timeline has been announced for the completion of the new industrial park in Hengqin, construction is ongoing according to Hengqin IDC. Nadia Shaw
