Zhuhai in Guangdong Province, China, has announced several projects that will transform the Hengqin district into an urban centre for the region.
Billed as the ‘Orlando of China’, the only attraction on Hengquin Island is currently Chimelong Ocean Kingdom.
The new projects are part of the Zhuhai government’s development plan for the 26 sq km area, that aims to build an economic zone and new urban center for Zhuhai.
The plans for Hengqin will be implemented by a new company dedicated to the development of the Greater Hengqin urban center, as reported in Macau Daily Times.
The company will also be responsible for developing the integrated areas, investments and attracting external investment.
So far, 9 infrastructure projects have been revealed. These include the construction of three tunnels, and the Hengqin science city. There will be a total of RMB 48.2 billion (over USD$7.4 billion) in investments.
The Hengqin district has also signed up to an agreement with six of China’s state-owned companies.
Nine major social investment and construction projects have also been signed this week. These projects include the second theme park of Zhuhai’s Chimelong international marine resorts; a Macau future center; and a cultural and recreational center.
Zhuhai, Hengquin Island has seen property prices rocket. This is because it was one of 11 cities in the ‘Greater Bay Area’ identified by the Chinese government for further development. Measures have been taken in an effort to contain galloping prices which have doubled since 2014. The majority of buyers are from Macau.
Both the Spanish football club, Real Madrid, and the automotive brand, Porsche, have signed agreements with Lai Fung Holdings to operate attractions in Novotown.
Image: map of Hengquin Island