The Chinese group Wuhan East Lase Hi-Tech Innovation Center (Whibi) plans to invest 250 million euros in Louvain-la-Neuve for the construction of a business incubator to host Chinese companies interested in the technology developed at UCL and Belgian universities and companies.
This “Chinese Intelligence Valley,” dubbed the China Belgium Technology Center (CBTC), is designed to eventually host some 700 Chinese businesspeople. It will be built next to the student residence halls at UCL and represents an investment of 250 million euros. The CBTC should be operational within the next three years and will include a hotel, a service center and several buildings and laboratories dedicated to biotechnology, telecommunications and Internet applications, green engineering and the environment, in particular. Once complete, the center will employ 1500 people.