Zall Holdings Co and Wuhan Economic & Technological Development Zone -- also known as the WHDZ or Hannan and located in Wuhan city in China’s Central Hubei province -- on July 9 signed contracts worth 20 billion yuan ($2.86 billion), WHDZ officials said.
Zall is a China-based investment holding company principally engaged in the development and operation of shopping malls, management of supply chains, provision of e-commerce services and other areas.
Officials said the zone and Zall will make joint efforts to develop the Jingkai Lingang New City, the Intelligent Supply Chain Industrial Park and the Aviation Industrial Park in the WHDZ.
Under the agreement, Zall will invest in the construction of Jingkai Lingang New City, which will focus on high-end manufacturing and modern services.
Zall plans to expand one 3,000-ton roll-on/roll-off cargo ship terminal and two 3,000-ton general-purpose berths in the Hannan port area.
It also plans to build six new multi-purpose berths to build Hannan Port into the largest modern, intelligent and environmentally friendly port in the middle reaches of the Yangtze River.
Zall will promote the upgrade of the Lingang Processing Park and Logistics Park, build domestic brand automobile O2O trading centers and develop cross-border e-commerce trading platforms and logistics financial platforms, to form a network of ports, parks, logistics and finance industries.
Zall will also develop an Aviation Expo Center, a National General Aviation Sports Center and develop a General Aircraft R&D, Manufacturing and Maintenance Center.
There will also be an Aircraft Delivery and Settlement Center in the General Aviation Industrial Park of WHDZ and there will additionally be facilities for dismantling decommissioned aircraft, as part of after-market aviation services that will be offered.
