Built by the Shaanxi provincial government, Xi'an government and the China Aerospace Science and Technology Corporation in November 2006, the Shaanxi National Aerospace Economic and Technological Development Zone, or Xi'an National Civil Aerospace Industrial Base, is a key zone for aviation technologies and the nation's emerging industries. It was upgraded to a national-level economic and technological development zone on June 26, 2010.
The zone ranks fourth in terms of technological innovation among 219 national-level economic and technological development zones nationwide, the only development zone entering the top 10 list in China, according to the assessment result released by the Ministry of Commerce.
South to the northern slope of the Qinling Mountains and north to the main city of Xi’an, the zone has good natural environment, convenient transportation and is rich in cultural legacies and human resources. It has an overall planning area of 86.64 square kilometers, in which the first phrase is 23.04 square kilometers and the extended area is 63.61 square kilometers.
By the end of 2014, the zone had formed four industrial clusters of aerospace and civil-military integration, satellite and application, new energy and new generation information technology, becoming a vital area for the region's overall industrial transformation. It has 114 projects with a total investment of 98.3 billion yuan ($14.6 billion), in which the number and investment of national emerging industries account for over one third.
To date, the zone has 10 private funds and private funds management institutions including the Xi'an Aviation New Energy Industrial Fund, the Shaanxi Hongtu Innovation Fund and the Xi'an Junrong Electronic Satellite Fund Investment Co Ltd with total assets of 6.72 billion yuan.
The 80-billion-yuan Shaanxi Railway Development Fund Management Co Ltd has based its operation in the zone. The private fund is expected to reach 100 billion yuan by the end of the 13th Five-Year Plan (2016-20).