A total of 49 projects receiving 12.88 billion yuan in investment are signed or start construction in the Suzhou Science and Technology Town in Suzhou New District on April 15. [photo/snd.gov.cn]
A total of 2.95 billion yuan ($454.3 million) in investment for 27 projects was agreed upon and 22 projects receiving 9.93 billion yuan started construction in the Suzhou Science and Technology Town in Suzhou New District on April 15, local media outlets reported.
Investments in single projects remained strong, as nine projects received more than 500 million yuan in investment and four projects received at least 1 billion yuan.
The projects mainly involve medical equipment, new-generation information technology, and high-end equipment manufacturing.
Most of the investors are leaders in their respective fields, such as Zhong Ao Hui Cheng Technology Co, which invested in a medical research and industrialization base. It developed the world's first titanium alloy-coated ball head for artificial hip joints and obtained relevant medical device registration certificates.
"We were attracted by the area's industrial prospects, business environment, and natural environment, and our company is expected to realize 72 million yuan in sales revenue this year," said Shen Xiaoqin, a manager of Zhong Ao Hui Cheng Technology Co.
Statistics show that in the first quarter of 2021, the Suzhou Science and Technology Town received $100 million in foreign investment. Local above-designated-size enterprises, referring to those with annual operating revenues of roughly $3.1 million or more, had a total value of over 6.19 billion yuan, up 69 percent year-on-year. The area is also striving to promote smart and digital transformation for such enterprises and is expected to have them fully transformed by 2023.
