Nov. 28, 2018: The opening ceremony took place for the launch of construction work and contract signing of the first phase of projects in the Hainan Pilot Free Trade Zone (FTZ), in Haikou.
The first phase will include 100 projects with a total investment of 29.8 billion RMB yuan (4.29 billion U.S. dollars), and the signing of contracts for 41 projects, with an investment of 34.2 billion yuan (4.92 billion dollars).
The projects include major infrastructure work such as the second-phase Haixiu expressway and the international convention and exhibition center in Haikou, along with industrial projects such as the China Shipbuilding Corp's deep-sea testing ground.
The contracts included the Sanya Deep Sea Science and Technology City, the SF Express Hainan port, the expansion of the CNOOC Hainan terminal, and the second phase of the Haidian Foreign Language Experimental School.
Governor of Hainan Province, Shen Xiaoming, speaking at the ceremony said since construction of the Hainan Free Trade Zone was launched in April, major national and international enterprises have come to Hainan to show their interest in and support for the development of the Hainan Free Trade Pilot Zone, which was expected to show significant progress by 2020.
Source: Hainan Daily