Last Friday, Yunnan and Kunming government representatives signed a group of deals with Shenzhen-based companies who will be involved in the development of the upcoming "Kunming Shenzhen Industrial Park" within the Kunming Economic and Technological Development Zone (ETDZ), according to Kunming media reports.
The investment agreements signed at a special ceremony totaled more than 30 billion yuan (US$4.28 billion) and include projects related to the industrial park's construction and infrastructure as well as IT- and logistics-related projects.
Of the agreements signed at the ceremony, some of the larger projects include a 240 million yuan comprehensive IT product research and development center with production and packaging facilities, a 9 billion yuan software base, a 600 million yuan export processing facility focused on the automotive sector and a 300 million yuan gem processing and trade center.
More than half of the 22 projects for which agreements were signed on Friday involve investment of 100 million yuan or more. Most of the goods produced in the industrial park will be exported to European, North American and South Asian markets.
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