16 groundbreaking projects settle in WEDZ

The signing ceremony for Wuhan's Q3 investment projects on Sept 4. [Photo provided to en.whkfq.gov.cn]

On Sept 4, the signing ceremony for investment projects for the third quarter of 2023 in Wuhan, Central China's Hubei province, took place.

Sixteen major projects settled in the Wuhan Economic and Technological Development Zone (WEDZ), with a total contract amount of 42.14 billion yuan ($5.85 billion), covering fields such as new energy, automotive parts, inspection and testing, health, and biotechnology.

China Power Investment Co plans to invest 10 billion yuan to build its regional management headquarters in the WEDZ. The focus will be on photovoltaics, wind power, integrated smart energy, and hydrogen-based substitution, aiming to create a comprehensive control platform, project reserve, and incubation platform radiating across the country.

China Quality Certification Center (CQC) plans to establish the Central China Laboratory project and set up a public emergency business evaluation and testing operation center in the zone. It will provide testing, calibration, certification, evaluation, and consultation services, and subsequently strive to become CQC's Central China headquarters.

The signing ceremony for Wuhan's Q3 investment projects on Sept 4. [Photo provided to en.whkfq.gov.cn]

WEDZ has been making significant strides towards developing a modern industrial system known as "3335". Currently, the zone has successfully secured 73 industrial projects totaling 145.3 billion yuan. This figure surpasses the total amount of contracts signed in the previous year. Among them are nine projects with an investment of over 5 billion yuan and seven worth over 10 billion yuan.