Four key projects being funded by State-owned enterprises worth 12.46 billion yuan ($1.75 billion) are to be introduced to Wuhan Economic & Technological Development Zone (WHDZ) -- in Wuhan, in Central China’s Hubei province -- following agreements signed on May 15, according to WHDZ officials.
The four projects are for auto manufacturer Dongfeng, Instant Connect (Wuhan) Technology Innovation, State Power Investment's Central China Hydrogen Energy Industrial Base and China Urban Rural’s Wuhan Membrane Equipment Production Base.
The projects cover areas such as next-generation automobiles, corporate headquarters, innovation centers, hydrogen energy R & D and environmental protection equipment manufacturing.
The projects are expected to boost the industrial transformation and upgrading of the WHDZ.
In recent years, the WHDZ has been a favored place for key projects funded by State-owned enterprises.
According to statistics, since 2017, central enterprises and their subsidiaries have invested in 36 major projects worth more than 100 million yuan respectively in the WHDZ, with a total investment of about 120.8 billion yuan.
Of these, 14 projects are worth more than 3 billion yuan each, officials said.
