Wuhan East Lake High-tech Development Zone (Optics Valley of China, or OVC) announced the commencement of work on 14 new fourth-quarter projects on Oct 9, with a total investment exceeding 23 billion yuan ($3.22 billion), the highest in Wuhan.

The projects focus on strategic emerging industries and infrastructure, with eight industrial projects alone accounting for over 14 billion yuan of the total investment. The projects are expected to provide a solid foundation for developing new quality productive forces.

A standout among the projects is the second phase of the Jiangcheng Laboratory Advanced Packaging Pilot Platform and Industrialization Base, which will achieve independent control in advanced packaging over key sectors and technologies, thus securing the supply chain for the advanced packaging industry.

OVC has launched 74 projects this year, with a total investment exceeding 80 billion yuan, and a project commencement rate of 98 percent for the first three quarters. Through targeted investment attraction, OVC has signed agreements on 91 new projects, with a total investment surpassing 90 billion yuan.