Huangpu district, a town located in the outskirts of Guangzhou in China, will see over 100 projects begin construction in the following weeks after a number of contracts were signed earlier this week. The projects, coming to a total of US$ 20.7 billion cover industries such as high-end manufacturing facilities, infrastructure and new energy. Additionally, there will be next-generation information technology, modern services facilities constructed during this period. Officials held a groundbreaking ceremony for the projects in Zhongshan where Shen Shanzhou, district governor of Huangpu, said that priority will be given to the development of a number of projects. These include the first-store economy, duty-free shopping, and the night time economy.
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Details on the projects
The local government will also roll out innovative measures that include practices to streamline business and approval procedures. Furthermore, they aim to reduce administrative service costs, and improve administrative service efficiency. This will be done using online platforms and digital technologies in an effort to build a first-class business environment.
Project Overview
Location: Huangpu district in Guangzhou, Guangdong province
Project Costs: US$20.7 billion
Total number of projects: 144
The Party chief of Huangpu district, Gao Yun, said that Huangpu will put great emphasis on the development of high-end industries, and build more competitive industrial clusters that focus on finance, trade, and professional services. Efforts will also be made to develop new emerging industries. The goal is to create a new growth pole for economic development.
Benefits from the Huangpu projects
The projects which respectively represent approximately 80 percent of the total number of projects. Further, these investments are expected to contribute US$11.6 billion in industrial production in the future.Of the 117 projects, 93 with a total investment of US$8 billion are focused on strategic emerging industries and future industries, accounting for a significant proportion.
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