Work on high-tech AR & VR park commences in Hainan
2018/06/28
Work on the Haikou XLoong AR & VR High-tech Park began at the Haikou National High-tech Zone in Haikou, Hainan province, on Wednesday.
The high-tech park, which is the first of its kind in the China (Hainan) Free Trade Zone, was launched in Hainan after the central government decided to transform the Hainan island into a pilot free trade zone in April and gradually explore the building of a free trade port with Chinese characteristics.
In its package of guidelines designed to support Hainan's comprehensive reform and opening up, Hainan was encouraged to further develop augmented reality and virtual reality technologies to further its advances in next generation of information technologies.
Spread over 3.3 hectares, the park will be built with an investment of 250 million yuan ($38.6 million) and will be operational in two years, with its annual production value expected to reach 350 million yuan by 2020.
Established in 1991, Haikou National High-tech Industrial Development Zone is the only State-level one in Hainan. It focuses on healthcare, low-carbon manufacturing and high-tech industries. Covering 55.42 square kilometers, the zone has attracted 1,500 enterprises, with 56 of them engaged in high-tech sectors.
Source: China Daily
