Sands China and the Guangdong-Macau Traditional Chinese Medicine Technology Industrial Park (GMTCM) have signed an agreement to jointly promote the “Big Health” tourism industry in Macao and Hengqin.
The collaboration aims to leverage Macao’s tourism infrastructure and Hengqin’s TCM expertise to create new opportunities in the sector.
The partnership will focus on utilising their respective resources to help health-related businesses in both regions expand internationally and attract investment.
Potential joint projects include hosting Big Health business events in Macau, aligning with the city’s economic diversification strategy, and introducing new health tourism facilities within Sands China’s properties and the GMTCM Park.
Sands China’s CEO Grant Chum emphasised the potential of the global health tourism market and the goal of connecting their resorts with the Big Health sector through events and new tourism products.
Meanwhile, GMTCM’s chairman Wu Song highlighted the significance of this collaboration for cross-sector integration and its contribution to Macau’s economic diversification and Hengqin’s development as a TCM hub.
Established in 2011 as a key Guangdong-Macau cooperation project in Hengqin, the 500,000m2 GMTCM Park has attracted eight billion RMB (US$1.1 billion) in investment. It now houses 235 enterprises, including 89 from Macao, across various health-related sectors, and offers advanced facilities for research, development, and manufacturing meeting mainland China’s GMP standards.
