Airport development

Hong Kong's Airport Authority is partnering with Eythos to develop a HK$300 million (US$38.28 million) art storage facility set to open next year, as part of efforts to position the city as a global art trading hub. Authority CEO Vivian Cheung Kar-fay stated at a Wednesday contract signing that Hong Kong is the world's second-largest primary art trading market and a key gateway to mainland China.