With total investment of 17.09 billion yuan ($2.71 billion), construction work on seven key projects started at East Lake High-tech Development Zone (Optics Valley of China), Wuhan, central China’s Hubei province, on April 9.
The seven projects are all considered representative in terms of investment scale, technical level, economic benefits, and social impact.
Optics Valley of China starts construction work on seven key projects, April 9. [Photo provided to China Daily]
Among them, Wuhan Qiteng Investment Group plans to invest around 1 billion yuan to build a research and development center for communications and electronic information technology, covering an area of 183 mu (12.2 hectares).
The base will mainly develop information security products, information transmission networks, and maritime communication equipment.
Minxi (Hubei) Internet of Things Technology plans to invest 420 million yuan to establish an industrial park in the zone, covering an area of 126 mu (8.4 hectares), to apply internet of things technology in such areas as finance and logistics.
Optics Valley of China will offer support for companies, to ensure that the projects can be completed efficiently and to a high quality, said Liu Ziqing, director of the zone’s management committee.
An artist’s impression of the research and development base funded by Wuhan Qiteng Investment Group in Optics Valley of China [Photo provided to China Daily]
An artist’s impression of the industrial park funded by Minxi (Hubei) Internet of Things Technology in Optics Valley of China [Photo provided to China Daily]
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