THE main park of Qingdao’s high-tech zone in northern Jiaozhou Bay reported total revenue of over 10 billion yuan in the first 11 months of this year.

    Established in 2008, the park has achieved an annual growth rate of 161 percent in revenue.

    Director of the zone management bureau, Zhao Xingshu, said a total of 14 billion yuan has been invested in the infrastructure to improve the park’s environment.

    Costing 66.2 billion yuan, 295 projects, including biomedicine, electronic information, developed equipment production and modern service, will be located in the park, which considers the ocean industry its pillar industry while actively fostering emerging industries of strategic importance.

    In total, 17 foreign enterprises, including two Fortune 500 companies, have established a presence in the park with investment totaling US$155 million.

    Zhao said the park will continue providing efficient and convenient services to the enterprises in an attempt to achieve a win-win result.

    (Li Hao, Wang An)