Hong Kong Business News

A topping-out ceremony was held today for three buildings in Phase 1 of the Hong Kong Park area of the Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone.

Buildings 8 and 9 are wet laboratory-enabled, while Building 11 is intended for talent accommodation.

Speaking at the ceremony, Chief Executive John Lee said the Hong Kong Park is a “super platform” that will help Hong Kong serve as a “super connector” and a "super value-adder".

“We will make good use of Hong Kong's advantages as an international city and an international hub for high-calibre talent to build the Hetao Co-operation Zone into a bridgehead for I&T (innovation and technology), and a showcase and incubator for high-end achievements for the country.”

Comprising about 87 hectares, the park will be developed in two phases from west to east. Following the completion of the above-mentioned three buildings, it will enter into its operational phase when the first batch of tenants from pillar industries such as life and health technology, artificial intelligence, and data science, move in from the second half of this year.

The construction of another five buildings is in full swing. The Government has earmarked $3.7 billion to expedite the provision of infrastructure and public facilities for the park’s Phase 1 development and detailed planning of the second phase will be completed within the current year.