A rendering of the Shanghai Hongqiao Urban Renewal Zone. [Photo/jiading.gov.cn]
Shanghai's Jiading district revealed its plan for the development of the Shanghai Hongqiao Urban Renewal Zone during the 2023 Hongqiao International Central Business District Investment Promotion Conference on Oct 12. The project aims to create a strong economic center in the North Hongqiao Business District.
It will focus on scientific and technological innovation, with a particular emphasis on the innovative economy and headquarters economy, involving the new digital economy, new life technology, low-carbon new energy, and the new automotive industrial chain.
The project will include the development of an innovative economic agglomeration area, a central business supporting area, and a high-quality international community. It offers substantial development opportunities and a vibrant ecosystem for businesses that choose to operate in the area.
According to the official layout, the project includes two areas: the eastern area, which will prioritize business R&D and diverse employment and housing options, and the western area, which aims to provide various living functions and develop a green, low-carbon, and age-friendly international community.
It will also focus on promoting key projects in Jiading district, such as an international school, high-end medical care, and cultural and tourism zones. Jiading district expects the project to attract investment and allow it to establish itself as an important hub in the region.