Government officials and enterprise representatives pose for a group photo at the signing ceremony of the campaign. [Photo provided to en.whkfq.gov.cn]
A municipal investment promotion campaign for the Guangdong-Hong Kong-Macao Greater Bay Area was held on May 21 in Shenzhen, South China's Guangdong province. The Wuhan Economic & Technological Development Zone (WEDZ) signed agreements for four projects during the event.
The campaign is the first regional business promotion activity held by Wuhan this year. It is meant to intensify the city's integration with the Greater Bay Area.
Tang Chao, director of WEDZ's administrative committee, participated in the activity.
Among the four aforementioned projects, the WEDZ business future center project and the bio-tech research base project received a total of 12.4 billion yuan ($1.85 billion) in investment.
The WEDZ business future center project is meant to bring in headquarters of Fortune 500 companies, high-tech firms, and listed corporations. As a major municipal project, it will further extend WEDZ's history and culture around automobiles, and establish themed business pedestrian streets and museums.
According to the contract, Guangzhou Jieyi Daily Chemical Products Co will set up its Central China headquarters and a bio-tech base in the zone, both of which are expected to be put into use in 2024.
The two other projects are the Wuhan industrial base project from Guangdong Foday Auto Parts Co and the Midea livestreaming project.
