Investment into 100 projects in Haitang Bay exceeds RMB 40b since 2008
According to the Haitang Bay Management Committee, more than 40 billion yuan has been invested in over 100 projects in Haitang Bay, one of the major bays in Sanya, since construction was started in 2008.
These projects mainly cover hospitality, infrastructure, real estate, technology, agriculture, trade and logistics.
Covering a planned area of 98.78 square kilometers, Haitang Bay is expected to be built into a world-class vacation paradise over the next 10 years.
Its first phase requires a total investment of 200 billion yuan, and the average daily investment in the region now totals more than 40 million yuan.
At present, the government is speeding up construction of the international luxury hotels, unique scenery towns, theme parks and international shopping centers in Haitang Bay, aiming to build the area into a popular destination for leisure tourism and high-end commercial logistics services.
Construction of the well-appointed Haitang Bay is still in need of an investment of a further 300 to 500 billion yuan.