Construction of major projects in Maoming has been in full swing. From January to June, construction began on 39 projects, with a total investment of 71.3 billion yuan ($10.25 billion), and a total of 175 projects have been under construction in the city by the end of June.

The first phase of the alkane resources comprehensive utilization project, which boasts a total investment of 40 billion yuan by Oriental Energy, started its construction on March 21 in Maoming's Binhai New Area. It is expected to be put into operation in the second quarter of 2022.

By June 29, 706 piles for cryogenic tanks for the first phase of the project have been constructed, accounting for 78.44 percent of the designed total. Testing on the pile foundation has also begun.

The first phase of the alkane resources comprehensive utilization project is under construction in Maoming. [Photo/WeChat account: maofabu]

An investment cooperation framework agreement was signed among the Maoming municipal government, Golden Concord Holdings Limited (GCL Group), and Maoming Port Group for the construction of the first phase of the western Guangdong LNG (liquefied natural gas) receiving station project in June.

The first phase of the LNG project will have a total investment of about 4 billion yuan, construction of which will last about 36 months.

Construction of the real estate project on the west coast of the South China Sea tourist island project started in March, while the first phase of the east coast park is currently carrying out the landscape construction and is expected to open during this year's National Day holiday.

OCT Group, operator of the tourist island, has invested a total of 840 million yuan in Maoming, according to the group's related person in charge. The group's investment in the first half of this year was 265 million yuan, and is expected to reach 1.1 billion yuan in the second half of the year.

The second Maoming Talent Week is held in the city at the beginning of June to promote the integrated development of scientific innovation and talents, as well as to boost investment attraction. [Photo/WeChat account: maofabu]

Maoming has been utilizing new platforms and new tools to attract investment while taking strict prevention and control measures for the novel coronavirus (COVID-19) pandemic.

The city has carried out several online investment attraction activities. It became one of the two sub-venues of the Guangdong Petrochemical Industry Online Matchmaking Conference on March 13, and one of the three cities to be promoted at the Guangdong session of the online dialogue on improving the business environment on June 30.

In the first half of this year, Maoming attracted 180 projects with an investment of more than 10 million yuan each, with a total contracted investment of over 40 billion yuan.