The administrators of the Yantai High-Tech Industrial Zone are now looking for investors and talented people to join in the development of eight key projects involving an estimated total investment of 17 billion yuan.

The marine engineering research institute project, backed by the China International Marine Containers Group's investment of 600 million yuan, will consist of nine R&D centers and three labs.

It is expected to attract more than 1,500 personnel for research, including top scientists and engineers from China and abroad.

The Yantai Biotechnology Industrial Park is seeking investment partners. With such facilities as a research center, labs, plants and office buildings, the park is expected to produce more than 100 varieties of antigens, antibodies and rapid test kits, with annual sales revenue projected to hit 300 million yuan.

The Shandong International Biotechnology Park, with a total investment of 6 billion yuan, is a State-level R&D hub for new pharmaceuticals. It is planned to attract the world's renowned medical companies to open more than 40 research centers there.

The central business district, with a total of 8 billion yuan in backing, will feature a software park, a creative industrial park, an R&D center and office buildings. The software park alone is expected to attract more than 200 software services outsourcing enterprises when it is put into operation by the end of this year.

The Zhengyuan Geographic Information Industrial Park will focus on software development for remote sensing and mapping and will need a total of 230 million yuan in backing. It is projected to achieve 1 billion yuan in annual revenue and pre-tax profits of 150 million yuan after becoming operational.

The titanium fasteners research and production park will provide fasteners for the nation's aircraft industry. It demands an investment of 800 million yuan.

The Yantai Institute of Computing Technology, a branch of the Chinese Academy of Sciences, was put into operation last October using a total investment of 500 million yuan. It seeks cooperation with companies involved in information technology, software outsourcing and public technology services.

The advanced mechanical technology research center is backed by the Chinese Academy of Mechanical Science and Technology. It is hoping to form partnerships with companies in the development and production of automobile moulds and other components.

For more information, visit

http://ytgxq.gov.cn/

Email: ytgxqrc@163.com

Tel: 86-535-6922045

wangqian@chinadaily.com.cn

(China Daily 06/19/2012 page15)