Introduction
In order to attract investment and to promote industrial diversification, the
Macao Government decided to develop an industrial park on Concordia Reclaimed
Zone in 1993.
Of the total reclaimed area of 337,000 m2, Concordia Industrial Park
takes up 160,000 m2. Concordia Industrial Park Co. Ltd. was
then set up to manage the Industrial Park.
After the handover of Macao to China, the Government of Macao SAR proposed to develop
a Cross Border Industrial Park so as to build on the advantages and
attractiveness of Zhuhai and Macao, to enhance industrial diversification and
to create more employment opportunities. On 5th December,
2003, the Central Government approved the establishment of Zhuhai-Macao Cross
Border Industrial Park. Zhuhai Zone has an area of 290,000 m2
while Macao Zone, developed on reclaimed land at Ilha Verde, has an area of
110,000 m2.
In order to further utilize the existing resources, the Government of Macao SAR
restructured Concordia Industrial Park Co. Ltd. to Macao Industrial Parks
Development Co. Ltd. in May 2004. The mission of the company is to
develop and manage land reserved for industrial development and its related
activities within the Macao SAR, including the management and development of
Concordia Industrial Park, Macao Zone of Zhuhai-Macao Cross Border Industrial Park
and other industrial parks.