The predecessor of the zone was the Wuhan Wujiashan Taiwanese Investment Zone founded in 1992. It was renamed Wuhan Wujiashan Economic Development Zone in 2010 and then upgraded to a national-level zone in the same year. It got its present name in May 2013.
The zone is next door to the Wuhan Tianhe International Airport and lies mostly within a radius of 15 km from the airport. Aircraft maintenance is the zone's traditional industry, represented by such enterprises as CASIC Sanjiang, Lingyun Science & Technology Group Co Ltd and Wuhan Hangda Aero Science & Technology Development Co Ltd.
Since 2017, the zone has welcomed big-name companies such as BOE and Corning, leading to the formation of several 100-billion-yuan industrial clusters including high-end chips, new display screens, network information and big data, smart manufacturing, new energy, healthcare, airport services and new retail sales.