The district government held a launch ceremony for 12 projects with an accumulative investment of more than 7 billion yuan ($1.02 billion) in late August, which together will generate at least 32 billion yuan in industrial output after they come into operation.
Among the projects, Agile Group Holdings, a leading property developer in China, will build an industrial park that is composed of an industrial incubator, biomedical research and development facilities and employee accommodations.
"We started to hold talks with the district government last year and were introduced in through public bidding," said Ruan Jiasheng, vice-president of the real estate investment arm of Agile.
"The business environment is very good. With so many preferential policies, we were comfortable to put the innovation project in the district," Ruan said.
Bluemoon, one of China's leading detergent brands, is also one of the investors.
"Guangzhou Development District is our company's home base. When our production capacity (became) saturated, the local government helped us find a new site for additional manufacturing facilities, which greatly supported our future development," said Luo Wengui, chairman of Bluemoon.
According to official figures, as of the end of August, nearly 17 billion yuan of fixed-asset investment was finished in the first seven months this year, representing an increase of 42.1 percent year-on-year.
Statistics show that there have been 89 foreign investment projects from January to July this year, up 64.8 percent from a year before.
Another employee performs civil affairs work at a local service center. [Photo provided to China Daily]
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