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THURSDAY, NOVEMBER 9, 1989
"THE FUNDAMENTAL ATTRACTIONS
OF
BUSINESS AND INVESTMENT REMAIN UNSHAKEN.
ין
HIONG KONG AS A PLACE FOR
HE SAID.
CITING EXAMPLES OF NEW INVESTMENTS, HE SAID FIVE CONSORTIA BID FOR THE LARGEST SITE EVER SOLD IN THE CENTRAL BUSINESS DISTRICT TOWARDS THE END OF JULY AND IT WAS A CLOSE CONTEST WON
BY A BID OF US$350 MILLION.
ANOTHER EXAMPLE WAS THE SECURING OF A US$1.35 BILLION LOAN BY THE HONG KONG INTERNATIONAL TERMINALS TO CONSTRUCT TWO NEW CONTAINER TERMINALS. THE LOAN SYNDICATE INVOLVED U.S.. JAPANESE AND HONG KONG INTERESTS.
THE SUCCESSFUL BIDDER FOR THE FRANCHISE TO BUILD AND OPERATE THE WORLD'S BIGGEST CABLE TELEVISION NETWORK IN HONG KONG BROUGHT TOGETHER CODITEL OF BELGIUM, D.S. WEST AND HONG KONG INTERESTS WHICH WILL BE INVESTING US$700 MILLION IN BUILDING THIS SYSTEM.
A
US$15
"OTHER MAJOR INVESTMENTS INCLUDE
MILLION SEMI-CONDUCTOR ASSEMBLY HOUSE WITH EUROPEAN AND SINGAPORE INTERESTS, A US$21 MILLION JOINT VENTURE INVOLVING THE BRITISH ICI GROUP, MORE THAN US$10 MILLION TO BE PUT IN BY THE DAIDO CONCRETE COMPANY то EXPAND ITS PRODUCTION FACILITIES IN ONE OF OUR INDUSTRIAL ESTATES AND THE SETTING UP OF A MANUFACTURING AND SERVICING COMPANY BY THE NEC CORPORATION IN HONG KONG FOR THEIR PERSONAL COMPUTERS, DISK DRIVES AND PRINTERS, HE SAID.
TE
SIR PIERS SAID THE HONG KONG GOVERNMENT, APART FROM MAINTAINING A SOUND TRADING FOUNDATION, WAS TAKING CONCRETE STEPS IN THE CONTINUOUS IMPROVEMENT OF HONG KONG'S INFRASTRUCTURE TO MEET FUTURE NEEDS.
THE DECISION TO REPLACE THE EXISTING AIRPORT AT KAI TAK WITH A NEW INTERNATIONAL AIRPORT AT CHEK LAP KOK WAS PART OF A COMPREHENSIVE STRATEGY FOR A MASSIVE EXPANSION OF OUR PORT AND AIRPORT FACILITIES TO COPE WITH HONG KONG'S RAPIDLY GROWING ROLE A9 ENTREPOT AND REGIONAL HUB, HE SAID.
"THE TOTAL INVESTMENT, WHICH WILL COMPRISE BOTH PUBLIC AND PRIVATE MONIES. IS ESTIMATED TO BE IN THE ORDER OF SOME US$16 BILLION.
"WE ARE CONFIDENT THAT HONG KONG ACTIVE ROLE IN BOTH THE REGIONAL AND THE TREMENDOUS OPPORTUNITIES FOR INVESTORS IN
WILL CONTINUE ΤΟ PLAY AN GLOBAL ECONOMY. THERE HONG KONG,' HE SAID.
ARE
"MEMBERS OF THE OVERSEAS HONG KONG ASSOCIATIONS, ALL OF WHOM CLOSE BUSINESS CONNECTIONS WITH HONG KONG, HAVE ACTUALLY EXPERIENCED THIS FIRST HAND,
HAVE
"THERE IS NO DOUBT THAT YOUR ASSOCIATIONS WILL PLAY AN IMPORTANT PART IN FURTHER STRENGTHENING ECONOMIC TIES BETWEEN YOUR COUNTRIES AND HONG KONG. WE WELCOMB AND TREASURE THESE RELATIONSHIPS
AND WE HOPE THAT THEY WILL CONTINUE TO GROW TO OUR MUTUAL BENEFIT," HE ADDED.
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