With total investment of 10.23 billion yuan ($1.62 billion), construction of 12 key projects started in East Lake High-tech Development Zone (Optics Valley of China), Wuhan, Hubei province, on March 7.
The 12 projects are all considered mid to high-end undertakings.
Among them, Huoyanyan Technologies in Wuhan plans to build a science park in the zone, which will be mainly engaged in developing and manufacturing steering control systems for automobiles and ABS sensors.
With investment of 300 million yuan, the second-phase of the project by Yangtze Optical Fibre and Cable Joint Stock (YOFC), plans to build production lines for 5G products in the zone.
Optics Valley of China will offer support for companies, to ensure that the projects can be completed with high efficiency and quality, said Liu Ziqing, director of the zone’s management committee.
Since 2017, Optics Valley has promoted construction of a large number of industrial projects worth more than 36 billion yuan, including some national-level projects such as the National Memory Base and the small and medium-size display panel base.
A design sketch of the science park funded by YOFC in Optics Valley of China [Photo provided to China Daily]
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