Hong Kong launches $28.6bn Northern Metropolis plan to build homes and tech hubs
Hong Kong is undertaking a large-scale urban development initiative called the Northern Metropolis project, with a budget of approximately HK$224 billion (US$28.6 billion). The plan involves transforming existing villages and wetlands into residential and technology-focused zones. The development is expected to accommodate around 2.5 million residents and create significant employment opportunities. The project also aims to strengthen Hong Kong's economic and infrastructural ties with mainland China.
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