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Cyberport. A case of industrial agglomeration. Impression about cyberport. About the project. Cyberport is a US $2 billion (HK$15.8 billion) landmark project The project is being developed on a 24-hectare site at Telegraph Bay in the southern district of Hong Kong Island.
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Cyberport A case of industrial agglomeration
About the project • Cyberport is a US $2 billion (HK$15.8 billion) landmark project • The project is being developed on a 24-hectare site at Telegraph Bay in the southern district of Hong Kong Island.
Cyberport development It comprises • four office buildings • a five-star hotel • a retail entertainment complex • a deluxe residential development • aiming at creating an interactive environment that will be home to a strategic cluster of about 100 IT companies and 10,000 IT professionals.
Cyberport development • Cyberport is a role model of future community, comprising: • 95,000m2 Grade A intelligent office space • A unique 27,000m2 retail and entertainment complex – The Arcade • 173-room five-star Le Meridien Cyberport hotel • A fully network community, Hi-tech shared facilities including Digital Media Centre, iResource Centre as well as Cyberport Conference and Exhibition Centre
List of facilities available • Digital Media Centre • iResource Centre • Hong Kong Wireless Development Centre • The Arcade • Cyberport Institute • Le Meridien Cyberport hotel • Cyberport Conference and Exhibition Centre • IT/Telecom Facilities & Services • Coverage of Mobile Phone Networks • Property Management • Visitor Centre • IncuTrain Centre • IT&T Service @ Bel-Air
List of tenants in cyberport • Unihub Limited - A PCCW company • Hong Kong Education City Limited • Microsoft (H.K.) Limited • Office of the Government Chief Information Officer • Pacific Century Premium Developments Limited • Rockwell Automation Asia Pacific Ltd • Schneider Electric Business Solutions Hong Kong - SEBS HK Limited • The Cyberport Institute of Hong Kong, The University of Hong Kong • The Hong Kong Polytechnic University • Shenzhen Strength Photoelectricity Information Co. Ltd.
IT companies can enjoy agglomeration economies • ITcompanies clustering in Cyberport can facilitate information flow and they can enjoy first hand information among themselves. • There is a well-mixed tenant structure in Cyberport, including software, telecommunication, and IT support services. They can enjoy vertical integration and horizontal integration by locating near to their trading partners. • IT companies can share common infrastructure and essential facilities like networking and highways.
Agglomeration economies • Cyberport gathers a pool of professionals which allow easy transfer of experience and knowledge. This also facilitates innovative thinking and contributes to research and development of IT in Hong Kong.
Agglomeration economies • Cyberport itself has advertising effect. IT companies locating in it can enjoy promotional effect generated from Cyberport and therefore reduce advertising cost.
Agglomeration economies • IT companies clustering together can enlarge their market share and attract worldwide customers.
Agglomeration economies • There is comprehensive commercial and residential development, providing good working and living environment.