Integrated resort operator Sands China signed a Memorandum of Understanding (MOU) with Guangdong-Macau Traditional Chinese Medicine Technology Industrial Park Development Co. Ltd. (GMTCM) last Friday to promote the integration of the Big Health tourism industry in Macau and Hengqin.
The signing took place at GMTCM Park in the Guangdong-Macau In-Depth Cooperation Zone in Hengqin.
Leveraging the advantages of both regions, the statement said that the partnership aims to “employ the strengths of their hardware and software resources to unleash the potential of Macau-Hengqin development through promoting regional collaboration”, planning to use their respective resources to help health brands in Macau and Hengqin go global and attract international and domestic investment to Macau.
Both will also cooperate in their expertise and resources in the tourism and leisure, Traditional Chinese Medicine (TCM), and Big Health industries to create opportunities for integrating Big Health and tourism in both regions.
Sands China Ltd. Chief Executive Officer and Executive Director Grant Chum Kwan Lock was quoted by the statement as saying that the company was honoured to be the first integrated resort operator in Macau to sign an MOU with GMTCM.
Chum added: “Given that the global health tourism industry holds significant growth potential and a vast market scale, we hope to connect our tourism sector with Big Health by utilising resources within integrated resorts, organising conferences and exhibitions, and introducing health tourism products to make Macau a player in this emerging industry”.
The statement also quoted GMTCM Chairman Wu Song as saying that the partnership will “inject new momentum into Macau’s appropriate economic diversification and the construction of the Greater Bay Area’s Traditional Chinese Medicine hub, together writing a new chapter in the great practice of One Country, Two Systems.”
The statement said that potential collaborative projects include organising Big Health MICE events through their venue resources and professional platforms to “promote the mutual development of the medical, healthcare, and wellness industry in Macau and Hengqin”.
Forums, industrial exhibitions, and international conferences and meetings are among related events, while other possibilities include introducing new Big Health tourism facilities and products at Sands China’s integrated resorts and GMTCM Park, the statement added.
Representatives from Sands China and Guangdong-Macau Traditional Chinese Medicine Technology Industrial Park Development Co. Ltd. (GMTCM) pose with guests after the signing of the MOU last Friday at GMTCM Park in Hengqin. – Photo: Sands China
