Pudong inks 45 projects worth US$4.8b
By Liang Yiwen |
October 18, 2012, Thursday
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Print Edition
Print Edition
SHANGHAI'S Pudong New Area has attracted 45 projects worth a combined investment of 30 billion yuan (US$4.8 billion), the district's government said yesterday.
The projects, ranging from strategic emerging industry and advanced manufacturing, include Shanghai General Motors Co's design and engineer technology center in Jinqiao and ProPower Renewable Energy Co's second-phase development project. Pudong's government and several multinational firms signed deals for the projects yesterday.
Pudong accounts for about a third of Shanghai's strategic emerging industry, covering digital information, biomedicine, new energy and environmental protection. The industry's gross output totaled 250 billion yuan last year.
The area aims to raise the contribution to 50 percent of the gross domestic product of the city's strategic emerging industry by 2016.
Pudong will grant special policies to the coastal Lingang area to help it attract 100 billion yuan investment in three years, officials said yesterday, without elaborating.
Lingang will develop into an equipment research and development center and a location for strategic emerging companies.
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