10 major projects worth 2.81b yuan start construction in Qingdao WCNA

A medical technology industrial park is a new project in the field of high-end medical equipment in Qingdao WCNA. [Photo/WeChat ID: qdxihaianfabu]

With a total investment of 2.81 billion yuan ($384.7 million), 10 major projects recently started construction in Qingdao West Coast New Area (Qingdao WCNA).

The projects involved several key areas such as biomedicine, intelligent manufacturing, and rural vitalization.

After the projects are completed and put into operation, they are expected to achieve an annual output value of 2.84 billion yuan and boost Qingdao WCNA's high-quality economic development.

Among them, a medical technology industrial park, with a total planned investment of 1.38 billion yuan, is set to create an intelligent manufacturing brand in the field of high-end medical equipment. After completion, the project is expected to achieve an annual output value of 1.7 billion yuan and employ more than 500 people.

A marine environmental protection equipment production project, which received a total investment of 162 million yuan, is gleaming with bright market prospects and is expected to achieve an annual output value of 136 million yuan.

With a total investment of 110 million yuan, a marine bioproducts project plans to strengthen cooperation with universities and other scientific research institutions in the two key technologies of extraction and concentration, and create a leading brand of natural seasonings in China. After the project is put into operation, it plans to process more than 30,000 metric tons of seafood condiments per year, and is expected to achieve an annual output value of 160 million yuan.