A construction site at Lyusi Port Economic Development Zone. [Photo/WeChat account: qidongfabu]

In the Lyusi Port Economic Development Zone, a new trend known as the "Phase Two Phenomenon" is gaining momentum—where businesses, after their initial investment, continue expanding with second-phase projects.

"These projects accelerate industrial transformation, extend industrial chains, and attract further investment, creating more development opportunities," said Cai Kaikai, director of the zone's economic development bureau.

Kedong's wind power intelligent equipment project leader, Lu Xugang, praised the zone's efficiency: "The approval process for land use, electricity supply, and recruitment during Phase One exceeded our expectations. This level of service and support strengthens our confidence in expanding in Qidong." 

In early March, Haili, an offshore engineering firm, announced a substantial investment of 2.5 billion yuan ($342.52 million) to advance the development of its second-phase project. This expansion is anticipated to significantly enhance production capacity while integrating state-of-the-art automation, digitalization, and smart management systems. Upon completion, the facility is projected to yield 300,000 metric tons of high-end offshore engineering equipment annually.

As additional second-phase projects commence, the demand for labor in the region is expected to increase substantially, creating thousands of new employment opportunities. Specifically, Haili's expansion is estimated to result in the hiring of nearly 500 new employees. Furthermore, the overall influx of investments within the zone is forecasted to generate approximately 5,000 jobs, fueling economic growth in the region.