MACAO, July 8 (Xinhua) -- Macao Special Administrative Region ( SAR) will cooperate with Guangdong province in building a Chinese medicine industrial park on the Hengqin Island, a spokesperson of the SAR government said on Thursday.

In order to push forward the industrial park, the SAR government will set up a preparation office which will work with its counterpart in the Guangdong provincial government to launch the project, said Tam Chon Weng, the spokesperson of the SAR government, at a press conference here.

The new industrial park will be located on the Hengqin island, which is a part of Guangdong´s Zhuhai city and is adjacent to the SAR.

The Guangdong provincial government has agreed to allocate half a square kilometer of land on the island for the industrial park and the funds will be provided by Macao, according to Tam.

He also said that the two sides will draft the details of the project, which will later be submitted to the central government for review and approval.