RDEDZ secures first key foreign investment in 2024

Rudong Economic Development Zone (RDEDZ) in Nantong, Jiangsu province secured its first significant foreign investment for 2024 by partnering with Shenzhen Shunhai Manufacturing Group Co Ltd to build a manufacturing base for intelligent terminal motherboards.

The base is expected to generate annual sales of 1 billion yuan ($139.98 million) and will become the company's largest manufacturing facility in the country.

Opting for RDEDZ as the company's investment hub was a strategic move, said Yang Jianhui, chairman of Shunhai Group, adding that Rudong's well-integrated supply chain and its commitment to an efficient business environment were key influencers.

According to Yang, the zone promptly allocated a 12,000-square-meter factory space after preliminary evaluations, providing the project with a head start.

At present, Shunhai Group has secured all necessary business licenses for construction and aims to commence operations by May.