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Qingdao Signs 121 New Projects Of The Marine Sector To Build Up Strength Of The Marine Economy

Source：The seanews 11-21-2022 17:04:23

Ocean, a strategic resource for high-quality development, is the most distinctive feature and advantage of Qingdao City. The city has been promoting marine projects and related investment in its efforts of developing the marine economy, to enhance the quality and efficiency of the marine economy and build a modern maritime city.

Qingdao has identified weak links in key industry chains such as marine equipment, marine biomedicine, marine products wholesale and retail, to push for investment in the marine sector. As per incomplete statistics, 88 key marine projects in Qingdao have secured an investment of RMB 28.08 billion, which is equivalent to 119.2% of the amount set the annual plan, and more than 92% of the projects are under construction. 121 new projects in the marine sector were signed, with a total planned investment of RMB 109.95 billion, including two projects worth more than RMB 10 billion, highlighting the ever-enhancing driving role of the marine economy.