The Jimo Economic Development Zone (即墨经济开发区） is a provincial economic development zone approved by the People's Government of Shandong province in May 1992. It is located in the comprehensive development belt zone of Yantai, Weihai and Qingdao and it is also the core point linking Jimo Central City and Qingdao Blue Valley -- an excellent location with developed traffic. It is one of the best zones to undertake the industrial transformation and upgrading of the Jiaodong Peninsula Region.

Up to now, the zone has invested more than 26 billion yuan（about $4 billion）in the construction of infrastructure. In 2016, its total industrial output value reached 219 billion yuan, tax revenue was 3.54 billion yuan, and the number of employed people in the zone was more than 60,000. At present, it has gradually nurtured and formed 10 pillar industries such as high-end services, healthcare, information security, modern finance, music culture, intelligent manufacturing and new materials, electronic appliances, textiles and apparel, automobiles and accessories, and machinery manufacturing.