The processing trade industrial park located in the Wuhan Economic & Technological Development Zone (WEDZ) Comprehensive Bonded Zone (CBZ) and the Port Logistics Park will reportedly bring in more export-oriented manufacturing businesses and cultivate new economic growth drivers for the zone.
The industrial park involves a total investment of 113 million yuan ($16.57 million) and engages in both manufacturing and storage. About 85 percent of construction on the park is complete, and it is expected to open to the public by the end of this year.
According to a manager of the park, enterprises moving in will enjoy many preferential policies on tax payments.
"The park is different from traditional factories in that it was totally designed based on the needs of companies. All supporting infrastructure, including the spatial layout and facilities for electricity and communication, have been customized," the manager said.
