Key facts
- Foreign chambers of commerce support Hong Kong's five-year economic plan.
- The chambers are calling for accelerated development of the Northern Metropolis project.
- The Northern Metropolis is envisioned as a new urban area to address housing needs and boost economic growth.
Foreign chambers of commerce have voiced their support for Hong Kong's latest five-year economic blueprint, while also urging for more rapid advancement of the Northern Metropolis project. This initiative is a key component of the city's strategy to address housing shortages and enhance its economic competitiveness.
The Northern Metropolis, a large-scale development plan, aims to create a new urban area that could house a significant portion of the population and foster economic growth. The foreign business groups' endorsement signals a desire for concrete action and timely execution of such ambitious infrastructure and urban planning projects.