57. Cyberport is another landmark I&T community in Hong Kong. Cyberport has accommodated a number of technology enterprises and incubated five unicorns, covering the areas of Fintech, smart living and digital entertainment. It is estimated that for every $1 invested by Cyberport, an external investment of $13 would be attracted. Over the past three years, the start-ups in Cyberport have also attracted investment of over $12.5 billion. The Cyberport 5 Project, which will increase the gross floor area of Cyberport by more than 40% within four years, has commenced. In the long run, the proposed upgrading of the Hung Shui Kiu/Ha Tsuen as the New Territories North Modern Services Centre under the Northern Metropolis Development Strategy will be expanded to include Lau Fau Shan. Consideration may be given to the building of landmark I&T facilities with a scale comparable to Cyberport at a location facing Qianhai, Shenzhen on the other side of the Shenzhen Bay.
58. We are studying ways to expedite the construction of the HSITP in the Loop. Furthermore, the work related to “one zone, two parks” in the Shenzhen-Hong Kong I&T Co-operation Zone is making good progress. In the long run, under the Development Strategy, the HSITP and the areas around Lok Ma Chau/San Tin will be consolidated to form the San Tin Technopole where land for I&T-related uses is estimated to amount to about 240 hectares. This, together with the Shenzhen I&T zone, will form the Shenzhen-Hong Kong I&T Co-operation Zone of approximately 540 hectares, combining the strengths of both Hong Kong and Shenzhen to pool local and non-local talents, and becoming an essential propeller for the development of an international I&T hub in the GBA.