An opening ceremony is held for the new projects at Yantai Port, which is part of SPG's world-class port cluster. [Photo provided to chinadaily.com.cn]

In Yantai Port, SPG has completed and scheduled 32 projects with a total investment of 56.25 billion yuan, focusing on port infrastructure and industrial parks in close proximity. The objective of these projects is to position Yantai, a coastal city with a rich history, as a key national logistics hub centered around its port. This designation will enhance the overall development of the port areas, industrial parks and surrounding urban areas, driving economic growth.