On Mar 2014, Dong Yu island located at Boao county in Hainan province officially started construction, which belonged to the second phase of the Boao Forum's permanent meeting site construction. The overall cost of the project is almost US $6.8 million with a total construction area of 55 thousand square meters. It also estimated to build several hotels with nearly 300 guest bedrooms.
A batch of SANY machines including five units of SANY tower crane was used in the project. SANY tower crane can automatically control and optimize the raise or lower of load only by pressing one-button, which is convenient and stable, significantly increasing the working efficiency up by 15%.
The Boao Forum for Asia is a non-profit organization that hosts high-level forums for leaders from government, business and academia in Asia and other continents to share their vision on the most pressing issues in Asia and the world at large. BFA is modeled after the World Economic Forum held annually in Davos, Switzerland. It has the fixed address in Bo'ao, Hainan province, China. The forum known as the “Asian Davos”, inherits its name from the town of Boao, located in China's southern Hainan province, which has been chosen as the permanent venue for its annual conference since 2002.