The amount of annual fixed-asset investment in Haitang Bay between 2012 and 2014 hit over 10 billion yuan, a recent report showed.

The fixed-asset investment in Haitang Bay in 2015 is expected to reach 15.67 billion yuan.

Since China announced its ten-year plan to develop Hainan into an international resort destination by 2020, the Haitang Bay area has seen its fair share of development. This year, there are 23 key projects planned in Haitang Bay involving a total investment of 65.53 billion yuan.

Among them, the Grand Hyatt Sanya Haitang Bay Resort and Spa, Sofitel Sanya Leeman Resort and Mangrove Tree Haitang Bay Resort are expected to open in the second half of this year.

Haitang Bay is one of the five major bays in Sanya. The others are Sanya Bay, Yalong Bay, Yazhou Bay and Dadonghai.

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