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Sanming signs 16 projects worth $1 billion

     chinadaily     2017-12-4 16:56:00    

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Sanming city in Fujian province attended the China International Fair for Investment and Trade (CIFIT) held in Xiamen, Fujian province from Sept 18 to 21 to invite more investment.


The city established three exhibition areas to show its friendly investment climate, including Youxi (the largest county in Fujian) pavilion, real estate pavilion and tea-leaves pavilion.


Sanming also organized a symposium among enterprises that have the intention to invest in the city during which a signing ceremony was held.


Sixteen projects have been signed, of which seven are invested by foreign enterprises with a total investment of $260 million.


The signed projects involve ecological tourism, new material, special agriculture, food processing, and other fields.


The largest investement among the 16 projects is the Taining cultural tourism project with an investment of 1.5 billion yuan ($226 million) by a Chinese investment group.


A special town featuring the Dajin Lake (the largest artificial lake in Fujian boasting rich sceneries) in Taining county, to the northwest of Sanming will be established to further develop local tourism industry.


There are also 119 projects expected to be signed for Sanming.


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