Yantai boosts ties with Fortune Global 500 in modern marine industry

inputtime: 2022-06-10 16:33:25

Yantai, a coastal city in East China's Shandong province, attracted large foreign investment during the "Connecting Shandong with the Fortune Global 500 • Deepening Cooperation in the Modern Marine Industry" event, which was held both online and offline on June 2.

During the signing ceremonies held at the main session in Jinan, capital of Shandong province, and its own parallel session, Yantai signed agreements on 14 key modern marine industry projects, with a total investment of 9.2 billion yuan ($1.38 billion) and contracted foreign capital of $319 million.

Four of the projects with a total investment of 6.7 billion yuan and contracted foreign capital of $50 million were signed at the main session, putting Yantai first in the province in terms of the number of signed projects, total investment and contracted foreign capital at the signing ceremony.

Partners of the 14 projects are from countries and regions such as Norway, Russia, and Japan as well as Shanghai, Jiangsu and other provinces and cities.

Among the projects, 11 are investment cooperation projects and three are scientific and technological cooperation projects, involving fields such as ocean pasture, marine biomedicine and marine engineering. All of the projects are expected to be implemented in one year.

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