Cyberport 5 - Future I&T Landmark

Cyberport is expanding its Pokfulam campus to meet the needs of start-ups and Hong Kong’s I&T development. With workspace occupancy at high levels, current facilities struggle to accommodate the increasing number of start-ups and facilitate high-value I&T activities to drive Hong Kong’s digital economy forward.

To bolster Cyberport’s capacity, the Financial Secretary allocated HK$5.5 billion in the 2019-20 Budget for the Cyberport Expansion Project. The addition of Cyberport 5 and an enhanced Waterfront Park, along with the AI Supercomputing Centre and next-generation digital tech infrastructure, will attract more quality technology companies and start-ups, enriching the neighbouring community and providing talent with pathways into I&T careers.

A commissioned consultancy report showed that the expansion’s annual economic contribution could reach HK$3.2 billion (including direct, indirect, and induced impacts), creating 6,100 jobs. The construction phase alone will add HK$1.1 billion to the economy and provide approximately 1,100 jobs.

Cyberport 5, the Waterfront Park, and the Cyberport Pier have been designated to support the growth of Hong Kong’s low-altitude economy (LAE). These areas will serve as operational hubs for drones and electric vertical take-off and landing (eVTOL) aircraft, featuring robust wireless network coverage and essential infrastructure such as charging stations, safety fences, anemometers, and wind vanes.  

Low-Altitude Economy Takes Flight

The facilities will provide start-ups with a testing ground for a wide range of LAE applications, including logistics, property maintenance, aerial photography, and search-and-rescue operations. The insights gained will help shape policy development and drive the advancement of Hong Kong’s LAE ecosystem, aligning with the government’s regulatory sandbox initiatives and infrastructure expansion plans. 

Visit the Cyberport 5 website to learn more.