Chief Executive John Lee today witnessed more than 80 enterprise representatives sign a memorandum of understanding on supporting and participating in the Northern Metropolis development at a signing ceremony.

The Government held the Enterprise Participation in Northern Metropolis Development Event today to encourage local, Mainland and overseas enterprises to support and participate in the Northern Metropolis development.

Financial Secretary Paul Chan led a delegation of enterprise representatives on a visit to the Hong Kong-Shenzhen Innovation & Technology Park in the Loop and the Hung Shui Kiu/Ha Tsuen New Development Area this morning, to understand their latest planning and developments.

They also learnt about the three large-scale land disposal pilot areas in the Northern Metropolis.

In the afternoon, Mr Lee hosted a luncheon at the Central Government Offices for enterprise representatives, followed by the signing ceremony.

During the ceremony, 35 of the enterprise representatives also signed agreements among them to collaborate in the Northern Metropolis development, with a total investment of over $100 billion.

Speaking at the signing ceremony, Mr Lee remarked that as a new engine for Hong Kong's growth, the Northern Metropolis can complement the high-quality integration of Hong Kong with other cities in the Guangdong-Hong Kong-Macao Greater Bay Area, offering quality business opportunities for all.

He highlighted the Government's commitment to leading all sectors of the community and the market to participate in expediting the Northern Metropolis development.

The Chief Executive encouraged enterprises to actively participate in land development and other commercial, innovation and technology industry projects in the Northern Metropolis.

The Government will openly invite enterprises next month to express their interest in the three large-scale land disposal pilot projects and finalise the tender terms after considering market feedback.