With the growing unification of the global economy, the competition of the local construction market becomes increasingly severe. Stakeholders of the local construction industry have been actively exploring overseas markets in recent years in addition to the Mainland market. To this end, our Bureau has been facilitating construction industry of the two places in jointly "going out" to explore overseas markets. Construction enterprises in Hong Kong possess rich experience in project planning, financing, construction management, contract management, arbitration, construction technologies and risk management, with performance that meets international standard. At the same time, there is an abundant supply of professionals, excellent design skills and a massive workforce in the Mainland construction enterprises. The partnership between stakeholders of the two places will undoubtedly boost their competitiveness in the international market with a win-win outcome for both sides.
In April 2014, this Bureau and the Ministry of Commerce ("MOC") signed a "Memorandum of Cooperation". In September of the same year, Hong Kong professional associations and institutions signed "Memoranda of Understanding on Engagement of Hong Kong Consultants in Supervision Work for Mainland's Foreign Aid Projects" ("MOU")" with MOC. The MOU aims to encourage their respective members to actively engage in the supervision work for Mainland’s national foreign aid projects.
Later, the MOC selected two projects in Nepal and Cambodia respectively for pilot implementation and conducted an open tendering exercise to Hong Kong construction consultants. The contracts of supervision work of the two projects concerned were awarded to two Hong Kong consultants respectively. The two projects were commenced in April and July 2015 respectively. The Cambodian project was completed in January 2017 and the Nepalese project was completed in May 2017. The Hong Kong consultants were highly spoken of by their Mainland partners in terms of their standards and performance in project supervision.