Key projects to inject impetus into Pudong development belt

Editor's note:

Shanghai, a well-established investment destination, is confident of attracting more quality investment through improved policies and services.

A number of key projects have been signed to inject impetus to the development of Pudong's "Golden Middle Ring" development belt, according to a promotion conference on Thursday.

The development belt covers 108 square kilometers of land along the Middle Ring Road, and links Jinqiao, Zhangjiang, Beicai-Yuqiao, and former Expo site Qiantan.

Since 2020, 286 projects, with a total investment of nearly 580 billion yuan (US$80.7 billion), have been launched in the area. More deals were signed at Thursday's conference.

They include: SEVB, a global leader in lithium-ion batteries, will establish its R&D center; Hansoh Pharma, a global top 100 pharmaceutical enterprise, will establish its R&D headquarters; SP Group, a leading energy public utility group in the Asia-Pacific region, will set up an office in the area.

In addition, the development belt has partnered with a series of global firms and reputable agencies to promote investment.

They include Allen & Gledhill, CBRE, Knight Frank, and Cushman & Wakefield.