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Brief Introduction
On Oct 21,1992,Weihai
Economic and Technological Development Zone was approved to be established
by the state Council as a national development zone. The administrative
area is 72KM2, including the programmed area of 36KM2 and the initial
area of 11.88KM2. There are 10 administrative bureaus, 3 subdistrict
offices and 37 administrative village under its jurisdiction in
the Zone, there are Industrial Parks, Export & Processing Zone,
Bonded Area, Financial and Trade District, Residential District,
Travelling and Recuperative District. Within one zone, one can be
provided with good conditions for working, living, and entertaining,
which makes the Zone an ideal place for investment and business.
Since
the establishment of the Zone, 1735 Projects have been introduced
with the total investment of 10 billion RMB yuan, among which 345
projects are foreign-invested with the total investment of 1.16
billion USD. The actual use of foreign capital is 370 million USD.
The investment is from more than 20 countries and regions, such
as Korea, Hongkong, America, Japan, England, India, Slovakia, etc..
Taken foreign-invested enterprises as the main body, 8 pillar industries
such as automobile, machinery, electrinocs, chemical, medicine,
textiles, foodstuff, buiding material, etc.. have been basically
formed. A lot of large scale projects with high level have been
established in the Zone and put into operation.
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