Together, Macao and Hengqin go after Singapore MICE

A joint delegation held five promotion seminars in Singapore to drive trade and MICE interest in the Greater Bay Area.

The Macao Trade and Investment Promotion Institute (IPIM) and the Economic Development Bureau of Guangdong-Macao In-Depth Co-operation Zone in Hengqin jointly organised the Macao-Hengqin MICE Promotion Seminar (Singapore).
The Macao Trade and Investment Promotion Institute (IPIM) and the Economic Development Bureau of Guangdong-Macao In-Depth Co-operation Zone in Hengqin jointly organised the Macao-Hengqin MICE Promotion Seminar (Singapore).

A joint delegation from Macao and Hengqin, an area adjacent to Macao in mainland China, held a series of seminars in Singapore in mid-March, aimed at identifying MICE opportunities and promoting key industries between the destinations.

The Macao Trade and Investment Promotion Institute (IPIM) and the Economic Development Bureau of Guangdong-Macao In-Depth Co-operation Zone in Hengqin jointly organised the Macao-Hengqin MICE Promotion Seminar (Singapore), highlighting the advantages of Macao-Hengqin MICE hardware and software facilities to around 40 MICE industry players and event organisers in Singapore. Business matching sessions between Macao-Hengqin MICE enterprises and their counterparts in Singapore were also arranged.

Alongside this seminar, four others were held related to investment, high-tech industries, health and key enterprises. According to IPIM, Singapore has been earmarked as one of China’s top investment destinations and has been China’s largest foreign investor since 2013. Singapore’s manufacturing sector contributes more than 20% of the country’s GDP, particularly in the fields of electronics, machinery manufacturing, petrochemicals and biomedicine.

Macao-Hengqin Investment Promotion Seminar (Singapore)
Macao-Hengqin Investment Promotion Seminar (Singapore)

At the investment promotion seminar, Meng Fanqiu, council member of the Singapore Chinese Chamber of Commerce & Industry, council member of Singapore-China Business Association, and honorary president of China Enterprises Association (Singapore), expressed the hope that the conference would facilitate exchanges and interactions and highlight opportunities arising from Macao-Hengqin investment.

Su Kun, deputy director of the executive committee of the Co-operation Zone said that the government had launched a variety of supporting policies and incentives for Hengqin to boost industrial development and market access, aiming to create a business environment similar to that of Macao and to promote international business matching.

IPIM president Vincent U demonstrated Macao’s investment environment and the Macao-Hengqin development opportunities to the participating Singapore enterprises and guests and António Lei, director of the Economic Development Bureau of the Co-operation Zone, introduced the preferential policies and business environment of Hengqin.

The delegation visited several businesses in Singapore, including Enterprise Singapore, Singapore Raffles Medical Group and Goray Group. The seminars took place between the 14-17 March.