WCNA starts construction of 80 key projects

The commencement ceremony of major projects in Qingdao in the second quarter this year was held at the high-end optoelectronic industry base in the Qingdao West Coast New Area (WCNA) on April 6, announcing the start of the construction of 80 key projects valued at 46.3 billion yuan ($7.28 billion).

The key projects cover nine key industrial chains such as biomedicine and medical equipment, high-end chemicals as well as new materials. Among them, four industries are located in the base with a total investment of 11 billion yuan covering the Fujian Wanda Optoelectronics Intelligent Manufacturing Production Base Project, Mini LED Backplane Project, 3D Vehicle Cover Plate Project, and Xingtai High-end Intelligent Optoelectronics Production Base Project.

A rendering of the Fujian Wanda Optoelectronics Intelligent Manufacturing Production Base in Qingdao West Coast New Area. [Photo/provided to chinadaily.com.cn]

Lin Jie, president of Fujian Wanda Industrial Company said in an online video that, in recent years, the WCNA focuses on the optoelectronic industry chain, and it is equipped with a national first-class business environment and government services. Lin also hopes that the project would contribute to the high-quality development of the new area.

According to preliminary data, in the first quarter of this year, 155 new projects with a total investment of 42.1 billion yuan have started construction in the new area, with a year-on-year increase of 21.1 percent in new project construction and 133.9 percent in investment in the WCNA.

The Qingdao WCNA will continue to focus on 27 provincial key projects with a total investment of 71.7 billion yuan, and a total investment of 176.4 billion yuan in 67 municipal key projects to make more contributions to Qingdao's development.