SCODA attracted 28 projects with investment over 120 billion yuan in 2020
Chinanews.com, Qingdao, January 11 (By Hu Yaojie) It is learnt on January 11 from the Administrative Committee of the China-SCO Local Economic and Trade Cooperation Demonstration Area (SCODA), as the sole demonstration area in China with a special focus on sub-national economic and trade cooperation with SCO and Belt and Road countries, has attracted 28 projects with total investment of 128.8 billion yuan in 2020. By far, the total investment in projects in SCODA has reached 192.2 billion yuan and progress of 73 projects are well under way.
In 2020, the projected signed and established by SCODA include Geely satellite Internet project which aims to build a world leading satellite-based IoT, Nissan Motors R&D Center and global production base project with total investment of 200 million US dollars, and so on. According to statistics, 75% of the newly introduced projects in SCODA involve new technology, new industries, new business forms and new models.
Wang Zihai, Deputy Director of Pakistan China Center in Qingdao China-SCO Countries Cooperation Hub, says that, the Center has organized the Pakistan China Exhibition where 81 Chinese companies display their products via online link and at an offline exhibition in Lahore, Pakistan. The Cooperation Hub for SCO Countries in SCODA has helped connect more Chinese companies with Pakistan. For example, Qingdao Greentech Agritech Co.,Ltd., a platform company, has signed an agreement on seawater rice cooperation project with Pakistan.
Planning and design of the 10-km2 core area of SCODA. Photo by the Administrative Committee of the SCODA
Meng Qingsheng, Deputy Director of the Administrative Committee of the SCODA introduces that the projects have been established thanks to the comprehensive advantages of SCODA as a platform to bring all resources together. The forward-looking planning of SCODA spells great development potential and space in the future. In 2020, SCODA has completed the urban and underground spatial planning of the 10-km2 core area of SCODA. The total floor area of the building in the core area in 1.75 million m2, of which underground space is 5.5 million m2. There are seven clusters including the SCO international industrial cooperation cluster and the consulates cluster. The multi-dimensional planning ensures efficient use of the space and more room for development.
It is learnt that in 2020, SCODA has intensified interactions with SCO and Belt and Road Countries. SCO Multimodal Transportation Center has handled 765,000 TEUs of containers, up 11% year on year. The number of China Railway Express freight trains reached 401, up 15.9%. Ten trade platforms have been introduced, including SCO Cross-border Trade Service Center, Transfar zhilian Co., Ltd, Huanuo Exiang. 686 trade entities have realized volume of trade in goods worth 13 billion yuan, up 12%. Projects such as Russia Center, Pakistan Center, and China-Ukraine cherries cooperation have been established in SCODA. 15 chambers of commerce and associations have entered Qingdao Cooperation Hub for SCO Countries with 200 domestic and foreign staffers. (End)