The Government is commissioning a comprehensive study which will focus on the possibility of building a high-technology complex in the northeastern New Territories.
Government sources said the project aimed to accommodate hi-tech and growth industries which could not find room in the $13 billion Cyberport in Pokfulam.
'We hope to bring in more innovative ideas or explore new growth industries for the development,' a government source said.
While project will look to house information-technology companies, it also would cater to other sectors though the source declined to name them.
The study is focusing on the planning and development of the northeastern New Territories which covers Sha Tin, Tai Po, Fanling and Sheung Shui.
The study, which is scheduled for completion by the end of this year, is the latest move in the Government's efforts to turn Hong Kong into a hi-tech hub.
The idea of building the hi-tech complex is being examined after the Government entertained other such schemes, such as the development of a Chinese medicine centre and a research-and-development-orientated manufacturing centre, during brain-storming sessions, sources said.