Hainan FTP continues to develop with 100 new projects under construction

Hainan Province is continuing to develop as an investment and free trade port with 100 new projects currently under construction.

The total investment is estimated at 48.9 billion yuan ($6.9 billion), covering projects like the China Datang International Trade Center, to high-quality projects like big data industrial clusters and the Maiwan Water Conservancy Project.

“Our corporation has arranged clean energy development projects in Hainan, powered by gas resources. Also, we will build an innovation base for clean energy development, which includes strong support for international trade expansion, and an important base for training talent,” said Liu Guangying, deputy manager of China Datang Corporation.

According to Li Xiaogang general manager of Hainan Development Holding Co., Ltd, “The construction of the Maiwan water conservancy project plays a very important supporting role in water supply, irrigation, and flood prevention in northern Hainan, especially in the ecological construction of Jiangdong New Area.

It will also boost our current economy to recover from the epidemic, the project is of great significance”.

In the past two years, 893 projects have been launched in Hainan, with a total investment of 484.1 billion Yuan.

The commencement and signing of these projects will effectively promote the economic and social development of Hainan, and further the construction of the Hainan Pilot Free Trade Port.

Related article: Hainan Resort Software Community on China’s digital service export bases list

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