A key project promotion assembly focused on the high-quality development of Dongying, a city in East China's Shandong province, was held at Dongying Port in the Dongying Economic and Technological Development Zone on Aug 31.
During the assembly, thirty-four projects with a planned investment of 17.7 billion yuan ($2.48 billion) were announced. Among them, sixteen are expansion and complementary projects in fields such as new materials and new energy, aimed at driving breakthroughs and enhancing the quality of local advanced manufacturing. Additionally, ten projects focus on technological upgrades, while eight are dedicated to improving livelihoods and infrastructure.
For example, the industrial base project of Dongying Shengkai Petrochemical Equipment Co Ltd involves a total investment of 7.8 billion yuan. It will primarily focus on the production of intelligent valves, high-precision components, and other energy and chemical equipment, and will create a comprehensive industrial chain for core energy and chemical components in the city, filling a critical gap in the petroleum and chemical equipment sector. The project is expected to generate an annual output value of 10.8 billion yuan.
The development zone will leverage this key project promotion assembly as an opportunity to bolster resource support, provide comprehensive on-site services, and ensure that the project is completed, operational, and delivering results as quickly as possible.
An aerial view of the key project promotion assembly in Dongying's development zone on Aug 31. [Photo/WeChat account: dyetdz]
