Investment attraction brings prosperity to Hohhot

The Horinger New Area. [Photo/Hohhot Daily]

In 2023, Hohhot in Inner Mongolia saw significant leaps in its investment attraction effectiveness.

Hohhot introduced over 430 projects exceeding 100 million yuan ($13.92 million), resulting in agreements worth 854.6 billion yuan. It also achieved a 46.6-percent capitalization rate for projects already underway, with a total fixed asset investment of 65 billion yuan.

Among the newly introduced projects, three that exceed 70 billion yuan each in value have commenced construction, alongside 15 projects worth over 10 billion yuan each and 110 projects worth over 1 billion yuan each.

The completion of the 73-billion-yuan comprehensive new energy industrial chain project by Canadian Solar is poised to establish itself as a benchmark project. It boasts the largest investment and most comprehensive functionality within the photovoltaic-grade silicon material industry in Hohhot, and even Inner Mongolia.

Likewise, the 74-billion-yuan Huawei Cloud Horinger Data Center project, once completed, will feature a server installation capacity that exceeds 1 million units, positioning itself as Huawei's largest cloud data center in North China. It will provide robust support for Inner Mongolia's endeavor to establish a national integrated big data center.

This year, Hohhot aims to implement over 1,100 key projects and achieve investments exceeding 150 billion yuan. It is also striving to resume construction on all projects within the first half of the year.