The government’s Commerce and Investment Promotion Institute (IPIM) said yesterday that the total amount of new investment projects that got off the ground in Macau in the first half of this year exceeded the one recorded in the whole of last year.
The institute, which was previously known as Macau Trade and Investment Promotion Institute, was renamed Commerce and Investment Promotion Institute on July 1 this year. However, its abbreviation has remained unchanged as IPIM.
An IPIM statement yesterday said that in the first half of this year, 153 new investment projects, worth 1.32 billion patacas in total, got off the ground in Macau, creating 817 new jobs in total, after the institute provided their respective investors with guidance and assistance.
According to the statement, the institute’s “one-stop service” for investors received 199 new investment plans submitted by investors requesting guidance and assistance in the first six months of this year, adding that the institute had meanwhile completed providing assistance for 153 of them.
The statement also said that 66 of the 153 projects will invest in businesses covered by the government’s “1+4” plan to appropriately diversify the city’s economy.
The statement underlined that the 66 investment projects will inject new impetus into the development of Macau’s key emerging industries.
The government’s 1+4 model aims to consolidate and diversify the development of the city’s tourism and leisure industry while putting special emphasis on promoting the development of four nascent industries, namely 1) big health mainly driven by traditional Chinese medicine (TCM), 2) modern finance, 3) high-tech, and 4) MICE and commerce as well as culture and sports.
The statement also said that the institute will continue to carry out various tasks in the second half of this year aiming to attract more new investments to Macau, such as organising trips to the nine Guangdong Greater Bay Area (GBA) cities as well as trips to Portuguese-speaking countries.
The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) comprises the two special administrative regions of Hong Kong and Macau, and the nine cities of Dongguan, Foshan, Guangzhou, Huizhou, Jiangmen, Shenzhen, Zhaoqing, Zhongshan and Zhuhai in Guangdong province.
This undated handout photo released by the Commerce and Investment Promotion Institute (IPIM) yesterday shows businesspeople visiting the Portuguese-speaking Countries Products Exhibition Centre, a facility located in the Services Platform Complex for Commercial and Trade Cooperation between China and Portuguese-speaking Countries in Nam Van Lake district, also known as Forum Macao complex.
