Biotech company BeiGene officially kicked off its fourth plant construction in Huangpu district in this Guangdong provincial capital on Sunday, playing a role to help build the Sino-Singapore Knowledge City in this southern metropolis to become largest production base of anti-cancer drugs in Asia.

Located in Sino-Singapore Knowledge City in Guangzhou's Huangpu district, construction of BeiGene's fourth plant that occupies an area of more than 33,000 square meters will cost more than 800 million yuan ($124 million).

The fourth plant will mainly research, develop and produce anti-tumor monoclonal antibody and related cancer drugs independently, said Wang Xiaodong，founder of BeiGene and a foreign associate of Chinese Academy of Science, at the commencement ceremony.

BeiGene, whichmoved to Huangpu district in 2017,completed construction of three plants in the previous three years to produce new cancer drugs to benefit cancer patients.

With the completion of its fourth plant, BeiGene's anti-cancer production capacity will come to more than 120,000 liters, with its maximum capacity reaching 200,000 liters, becoming the largest anti-cancer drug production base in Asia.

Huangpu district, in the eastern part of Guangzhou, signed contracts to construct a total of 31 new projects and kick off construction of another 72 on Sunday.

These projects that mainly involve in the bio-medicine, new energy, new materials, 5G, information, finance, culture, education, tourism industries and infrastructure will cost more than 113.9 billion yuan. Industrial production of about 241.6 billion yuan is predicted in the years ahead.