Agreements on 32 projects, with total investment of 25.4 billion yuan ($4 billion), were signed to settle in Zhuhai's Doumen District on Feb 25. They are expected to generate total annual output value of 26.67 billion yuan ($4.23 billion) and 1.32 billion yuan ($209.64 million) in tax revenue upon operation.

The projects mainly cover the new-generation electronic information, new energy and new materials, smart manufacturing, biomedicine, modern logistics, as well as modern agriculture industries.  

Among them, the Zhuhai Kinwong Flexible Circuit project will renovate and expand a 2.32-million-square-meter (573-acre) factory for flexible plate production, while Shenzhen E-Bright will set up a base for high-end LED production, packaging and testing. 

Signing ceremony [Photo by Zhang Fan / WeChat account: zhtqb12345]

Concurrently, 19 other projects, including Aiko Solar's new high-efficiency solar cells production base and Zhuhai Yuexin Semiconductor's high-end RF and FCBGA packaging production base, commenced construction that day with 31.7 billion yuan ($5 billion) in investment. Once operational, they will generate annual output value of 58.3 billion yuan ($9.2 billion) and contribute annual tax payment of up to 2.9 billion yuan ($460 million).

Doumen is also stepping up efforts to become a strategic extension zone of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin. It will cooperate with Zhuhai Da Heng Qin and Huafa groups to develop areas in the Fushan Industrial Park, Doumen “Smart” Manufacturing Economic Zone, as well as Donghu and Huxin new cities.

An investment of 71 billion yuan ($11 billion) will go to projects spanning supporting facilities of industrial parks, public service facilities, water environment treatment, industry attraction, urban development, and financial innovation.

In addition, strategic cooperation agreements were also inked between Doumen and 10 financial institutes at the signing ceremony, including the Guangdong branches of China Development Bank and Agricultural Development Bank of China, to reach a general intended credit of 80 billion yuan ($13 billion). 

Cooperation will be carried out in areas such as special bond issuing, industrial park construction, comprehensive financial services, urban-rural integrated construction, rural revitalization, smart city construction, digital rural platforms, cross-border financial services, and the establishment of a food safety demonstration zone.