Sanya approves building of Yazhou Bay into a high-end intelligent industry bay
A new comprehensive plan to build Yazhou Bay into a high-end intelligent industry bay has been approved by an expert panel from Beijing, Shanghai, Xiamen and Hainan.
The plan has been made possible by the government’s measures to promote economic diversity by upgrading industrial structures which mainly rely on the tourism sector.
The project of the ‘Creativity New City’ is located within Yazhou Bay, Yacheng County, and will cover 17.19 square kilometers of land.
According to the plan, Yazhou Bay in Sanya will be turned into a high-end intelligent industry facility which will combine exhibition training, logistics and tourism by 2020.
More than 20 enterprises have already signed agreements to settle in the new development, and the project has had a total investment of 40 billion yuan.