The construction of AI tech park project of JD.com was officially started 42 days after the land was obtained. With a total investment worth of 20 billion RMB, the project is expected to pool 1,000 enterprises at both the upstream and downstream of JD.com and 1,500 supporting enterprises upon completion. An annual output value of about 28 billion RMB and tax revenues of about 2.5 billion RMB are expected to be generated out of the project.
Just several days prior to the construction of JD.com AI tech park, Chang’an R&D center of OPPO with an investment worth of 2.2 billion RMB was officially started. The project is expected to produce an annual output value of about 10 billion RMB and 250 million RMB tax revenues.
The above two projects are among the second batch of major projects of Dongguan’s advancement of the Guangdong-Hong Kong-Macau Greater Bay Area development. Up until July this year, Dongguan has held collective ground-breaking ceremony for two batches of major projects to push forward the development of the Guangdong-Hong Kong-Macau Greater Bay Area. Totally 57 projects witnessed construction commencement with the total investment exceeding 90 billion RMB.
Many of the projects now under construction represent Dongguan’s achievements in soliciting business and investment this year. Statistics indicate that Dongguan has introduced 2,062 domestic and overseas projects in the first six months of this year with a contracted investment of 107.3 billion RMB, which marks a year-on-year growth of 35.7%. The average investment of the project grows by 81.3%.
Behind the constant settlement of leading enterprises in the industry lies Dongguan’s robust development potential. Dongguan is emerging as an investment magnet in the Greater Bay Area.
“Dongguan phenomenon”: constant settlement of various projects
Since the beginning of this year, Dongguan has never fell short of such news as signing and construction of various projects. Dongguan is largely built on the business and investment it has attracted from the past and now it is witnessing “Dongguan phenomenon” with constant project settlement flooding in.
On February 19, Dongguan hosted a collective groundbreaking ceremony for the first batch of major projects for advancing the development of the Guangdong-Hong Kong-Macau Greater Bay Area and the groundbreaking ceremony for the rail transit Line 1. The 27 major projects in the first batch of collective construction reach a total investment of 53.4 billion RMB. A foundation stone laying ceremony was also held for a new energy lithium battery packing project with an investment worth of 17 billion RMB. This project represents one of the most important foreign-invested projects Dongguan has introduced in recent years. Upon being put into production, this project is expected to produce an annual output of 450 million pieces of lithium battery.
On March 22, the "Cities of the Greater Bay Area, Quality Dongguan" investment promotion conference was hosted in Dongguan with 27 projects including the project of Neptunus Group being signed on the spot. Among them, there are 24 advanced manufacturing projects with a contracted investment reaching 32.8 billion RMB.
On June 17, a collective groundbreaking ceremony for the second batch of major projects for advancing the development of the Guangdong-Hong Kong-Macau Greater Bay Area and Neutron Science City—Songshan Lake Material Laboratory project was hosted. Thirty projects were installed with the total investment reaching about 39.1 billion RMB, including innovation center for financial science and technology of JD.com and OPPO Chang’an R&D Center.
Statistics show that in the first half of this year, Dongguan has introduced 2,062 domestic and overseas projects. Among them, 85 were worth more than 100 million RMB and 37 worth of over 10 million USD. Investment in fixed assets increased by 16.7% and investment in manufacturing industry grew by 18.8%.
The stunning statistics suggest that many enterprises are confident about Dongguan’s role in the development of the Guangdong-Hong Kong-Macau Greater Bay Area and are making further investment in Dongguan.
The high-end medicine manufacturing base project of Neptunus Group signed this year is planning to throw an investment of about 11 billion RMB. Zhang Simin, Chairman of Neptunus Group, thinks that Dongguan enjoys a favorable investment environment and is an ideal investment destination for many enterprises. According to Huang Dongsheng, Vice President of JD.com, aside from AI tech park project, JD.com and Dongguan are looking for deeper cooperation and the company is considering locating related projects such as its financial sector in Dongguan.
A delightful news is that, thanks to the "targeted business introduction" and "industry chain-based business introduction" insisted by Dongguan’s related investment promotion departments, Dongguan’s business and investment solicitation is impressive both in "quantity" and "quality".
Information technology, high-end equipment manufacturing, new materials, new energy, life science and biotechnology constitute the most popular fields for attracting business. Dongguan’s confidence in participating in the development of the Guangdong-Hong Kong-Macau Greater Bay Area will be greatly bolstered following the settlement of such projects as new energy lithium battery packing, the project of Shenglan Technology Co. Ltd. and Wondfo international innovation industry base in Dongguan Songshan Lake.
The settlement of some leading enterprises can also significantly strengthen the competitiveness of existing industries. For instance, the micro motor driver industry project of Zhaowei Machinery & Electronics with a total investment of 1 billion RMB will greatly improve the mobile phone industry chain of Dongguan. The completion of the new energy lithium battery project started early this year will also drive cluster development of Dongguan’s new energy industry, injecting fresh momentum and vitality into Dongguan’s economic development.
