Through a "regulatory sandbox" mechanism, the city aims to create a safe innovation space where breakthrough technologies can be nurtured into new drivers of economic growth.
Amid a crisis in affordability for potential homebuyers, possible options on the outskirts of major cities are also slipping through their hands as prices only head upwards.
The project aims to develop a hybrid model, combining physical and online platforms, to serve as a key intermediary connecting technology supply and demand, while promoting commerce and innovation.