Updated: 2017-08-18
Donghu High-Tech Development Zone (Optics Valley) in Wuhan, Hubei province, recently signed three cooperation projects worth 19.5 billion yuan ($2.92 billion) at the 2017 Hubei - Hong Kong - Guangdong Economic and Trade Cooperation Meeting.
The meeting began on Aug 15 and ended on Aug 18. Hubei province attended the meeting with the aim of promoting Optics Valley.
Optics Valley reached an agreement with Shui On Group –– a Hong Kong-based firm principally involved with property development, construction and construction materials –– to establish a business center, innovative financial center and living center in the zone, with investment of 13 billion yuan.
A Shenzhen-based firm will invest 5 billion yuan in areas including optical communications, smart city and smart government construction, jewelry design and processing, and venture capital funds.
An operation and research center for gynecology and obstetrics products, as well as a production base for high-end gynecological medical equipment will also be established in Optics Valley.
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