Hung Shui Kiu Industry Park Attracts Global Interest from AI and Environmental Firms
Chairman Jeffrey Lam aims for park to be operational by July next year, highlighting strong international inquiries.
Quick Look
- Hung Shui Kiu Industry Park, part of Hong Kong's Northern Metropolis project, has drawn significant global interest from AI and environmental companies.
- Chairman Jeffrey Lam anticipates the park will be operational by July next year, with inquiries from the US, Europe, ASEAN, and the Middle East.
AI-generated summary
Why It Matters
The Northern Metropolis megaproject aims to develop a new urban area in Hong Kong. The Hung Shui Kiu Industry Park is a key component of this initiative, focusing on attracting businesses in advanced sectors. The park's development is also timed to coincide with Hong Kong's 30th anniversary of its handover to China.
The new industrial park under the Northern Metropolis megaproject has attracted strong global interest from companies in environmental and AI sectors, its chairman has said, with plans to provide international education and accommodation facilities.
Jeffrey Lam Kin-fung, the newly appointed chairman of the Hung Shui Kiu Industry Park Company, also aims to have the park operational by July next year, describing it as a “nice gift” for Hong Kong’s 30th anniversary of its return to Chinese sovereignty.
“I have received many inquiries. They are from all different industries AI, hi-tech food, you name it. They are all so interested in coming in. What I am concerned about is that we might run out of land very, very soon. I hope these plans come true,” he said in an exclusive interview with the South China Morning Post.
However, he declined to say how many companies had expressed interest, adding that details would be announced at a later stage.
“They are coming from the United States, Europe, Asean countries and even the Middle East. There is a lot of money coming this way.”
The 10 Asean member states are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
What to Watch
AI outlook — possibilities, not facts
Hung Shui Kiu Industry Park will be operational by July next year.
Likely · Within months
Significant foreign investment will flow into Hong Kong's technology and environmental sectors.
Likely · Medium term
Open Questions
- How many companies have specifically expressed interest?
- What is the exact timeline for land allocation and construction?
- What specific international education and accommodation facilities are planned?
- What are the specific environmental and AI technologies being targeted?
