Policy Address

Promoting the Development of Industries and Re-industrialisation

64. The Science Park expansion is underway for completion in three years. This will further increase the park’s gross floor area to some 400 000 square metres.

65. To promote re-industrialisation, the Government is preparing to build a Data Technology Hub and an Advanced Manufacturing Centre in the Tseung Kwan O Industrial Estate, to be completed in three and five years respectively. Furthermore, the Government introduced a Technology Voucher Programme two months ago to subsidise the use of technology by SMEs to improve productivity or facilitate upgrading and transformation.

66. Industries enjoying advantages in the process of Hong Kong’s re-industrialisation include biotechnology, big data, the Internet of Things, artificial intelligence and smart city. ITB, Invest Hong Kong and the ETOs will actively encourage relevant enterprises to establish their presence in Hong Kong.

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