Policy Address

Development of Industries

76.          The Science Park provides well-equipped office space for research and development, laboratories and comprehensive technical and corporate development support.  It focuses on three cross-disciplinary platforms, namely “smart city”, “robotics” and “healthy ageing”.  Housing 580 companies and employing 11 500 people, the Science Park creates a huge clustering effect.  The gross floor area of the park will be increased to 330 000 square metres upon completion of Phase 3 and will be able to meet development needs for the next two to three years.  The Hong Kong Science and Technology Parks Corporation is also planning to further increase the gross floor area of the entire park by around 70 000 square metres. 

77.         “Re-industrialisation” is a potential new area of economic growth for Hong Kong.  The Government and the Hong Kong Science and Technology Parks Corporation have revised the industrial estate policy.  Apart from constructing multi-storey buildings in the remaining space of the industrial estates for lease to innovation and technology industries, we will also recover idle factory premises.  This will promote smart production, attract high value-added technology industries as well as high value-added manufacturing processes.  The Hong Kong Productivity Council will also facilitate industrial upgrading and transformation, enabling enterprises to embrace “re-industrialisation” and move towards high value-added production.  On testing and certification, measures will be introduced this year to exempt relevant waiver fees to facilitate the operation of laboratories in industrial buildings. 

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