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Hainan announces investment plan for key projects in 2023

ehainan.gov.cn | Updated: 2023-03-02

On March 1, the Hainan Provincial Development and Reform Commission announced its 2023 key project investment plan, which includes 204 key projects with a total investment of 611.6 billion yuan ($88.69 billion) and a planned annual investment of 101.9 billion yuan.

The project plan aims to ensure that key projects play a leading role in Hainan's economic and social development. Another aim is to promote industrial clustering within the province to improve competitiveness.

At present, 30 projects have been completed, 110 projects have been renewed, and 64 projects have newly started. The total investment of the new construction projects are 281.1 billion yuan, with an annual planned investment of 37.2 billion yuan.

In terms of project category, there are 97 industrial development projects focusing on fields such as tourism, modern services, high-tech industry, manufacturing, and tropical high-efficiency agriculture. Of the other projects, seven focus on low carbon and the environment, 54 focus on public services and people's livelihoods, and 46 focus on infrastructure.

In terms of annual investment scale, there are 26 projects with a planned annual investment of at least 1 billion yuan, 29 projects have a scaled planned annual investment of between 500 million yuan and 1 billion yuan, 37 projects with 300 million yuan to 500 million yuan in planned annual investment, and 112 projects with a planned annual investment of less than 300 million yuan.


An aerial view of Haikou, capital of Hainan province. [Photo/IC]