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China Development Bank supports Tangjiawan's construction with $1b

(cityofzhuhai.com)

Updated: 2023-02-24

Four industry 5.0 space projects in the Zhuhai National Hi-Tech Industrial Development Zone (Tangjiawan), with floorage of 320,000 square meters (79 acres), started construction on Feb 22 at a cost of 1.45 billion yuan ($210.39 million).

Phase III and IV of the Gangwan No 7 Super Industrial Community project will be a major part of Zhuhai's first "New Industrial Community." The community will also become an industrial base for high-end intelligent manufacturing within the Guangdong-Hong Kong-Macao Greater Bay Area.

Another two projects have been included in the Jingzhu West B Cluster and will introduce the artificial intelligence and robotic industries. With the cooperation of the Jingzhu West A Cluster, this will result in the formation of the Gangwan No 5 Sci-tech Industrial Park, and will accelerate the all-round upgrades of Tangjiawan's "smart" manufacturing industry. In addition, it will become a gateway hub in north Zhuhai for external industrial development. 

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Groundbreaking ceremony of key projects in the first quarter of 2023. [Photo by Wu Changfu / Zhuhai Daily]

The Guangdong Branch of China Development Bank signed a contract with Zhuhai Hi-tech Construction Investment that day, in order to form a long-term financial partnership. The bank will give priority to the investment and construction of projects in areas of industry, overall improvement, and urban management. 

According to the agreement, the two sides will invest 10 billion yuan ($1.4 billion) in order to release various kinds of financial products. 

Xue Fei, a member of the Hi-Tech Zone's administrative committee, said that China Development Bank is a national financial institution that serves the national economy, and its support has shown confidence in the high-quality development of Tangjiawan. 

Phase III and IV of the Gangwan No 7 Super Industrial Community project will finish construction in 2024, while the Jingzhu West B Cluster project is scheduled to be completed this year, according to Xiong Jingsong of Zhuhai Hi-tech Construction Investment.

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