In 1999, the Hong Kong government announced the intention to develop the Cyberport which would help local businesses capitalize on the rapid growth of the Internet. Cyberport was intended as a place where the development of information technology and multimedia would be nurtured so that the demands of these industries could be met in the future. It was also hoped that this development would help the HKSAR's economy rebound after the Asian financial crisis of 1997. Not surprisingly, it has evolved to become a property project of some magnitude since. Here you can see the project with Pok Fu Lam Reservoir behind it as viewed from The Peak. Lama Island with the three-chimney power plant is further on.