GDD, Guangzhou State-owned enterprises ramp up cooperation

The State-owned enterprises of Guangzhou Development District (GDD) and Guangzhou have ramped up cooperation, with 14 key projects signed on Feb 8, which totaled an investment of around 30 billion yuan ($4.72 billion).

Guangzhou Development Group will team with GGG Modern Energy Group to construct a comprehensive energy project in Guangzhou International Financial City. It is Guangzhou's first comprehensive energy project in a commercial agglomeration area and features a high energy utilization rate.

The project will integrate multiple energy facilities, including centralized cooling systems, charging poles, and small wind power facilities, to serve hotels, office areas, and business areas. It is of great importance to Guangzhou's sustainable development, and will contribute to the national goal of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060.

Changzhou Island will develop into an international travel destination that boasts a slow-paced lifestyle.

In addition, Guangdong Lingnan Business and Travel Group will cooperate with Huangpu Cultural (Guangzhou) Development Group to develop Changzhou Island into an international travel destination that boasts a slow-paced lifestyle with a bevy of cultural, sightseeing, leisure, fashion, and creative projects.

GDD Communications Investment Group will collaborate with Guangzhou Metro Group in the construction of the Zhenlong Station complex.