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13 Major Investment Projects Signed in Huizhou

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On April 22, 2020, an online inauguration ceremony for the ExxonMobil Huizhou Ethylene Project took place concurrently in Beijing, Huizhou and Dallas in the U.S., marking the commencement of construction for this 10-billion-USD investment project. As the first major petrochemical project built solely by a U.S. company, when completed, it will achieve the highest production capacity in the world, which is about 50% higher than the industry average.

By focusing on the development of “2+1” modern industrial clusters, Huizhou has made active measures to optimize its business environment, resulting in the settlement of a large number of investment projects from Fortune 500 enterprises and other leading enterprises. Since April 2020, at least one major investment project worth 10 billion yuan was either signed or started construction. An incomplete data indicated that over 13 major investment projects, each with an investment volume of 5 billion yuan, had been signed in Huizhou in the year 2020, greatly boosting the economic development of Huizhou.

A total of 958 registered industrial construction projects sealed in Huizhou between January and August of 2020, including 40 projects each with an investment volume exceeding 1 billion yuan. The total industrial investment reached 40.07 billion yuan, ranking the 5th in Guangdong, and its growth rate stood at 20.6%, ranking the 6th and the 2nd respectively in Guangdong and in the PRD region. People wonder the secret behind Huizhou’s impressive economic achievements.

According to Mr. Fernando Vallina, Chairman of ExxonMobil (China) Investment Co. Ltd, “One of the key factors for ExxonMobil to invest in Huizhou is its efficient and transparent administrative service and capabilities.” The so-called Huizhou speed is indeed the decisive factor for Huizhou to attract the investors.

It took only 14 months for Huizhou New Material Industrial Park to complete all the required administrative procedures from early planning to the actual construction. The negotiation for the Amer (Huizhou) New Material Manufacturing Park first took place in April 2020, and the project was signed in June and obtained its business entity status in September. The handling time of administrative examination and approval for two major scientific installations of the Chinese Academy of Sciences was reduced from 9 months to 1 month.

Apart from maintaining a fast Huizhou speed, Huizhou also gives full play to its丰-shaped transportation infrastructure network in attracting the settlement of major investment projects.

As a key node city within the Guangdong-Hong Kong-Macao Greater Bay Area, Huizhou is adjacent to Shenzhen, Dongguan and other world-class airports and ports; and as a result, Huizhou timely formulated an innovative urban development concept that highlighted the significance of transportation network and industrial development.

Last year Huizhou’s ambitious丰-shaped transportation infrastructure planning framework was introduced, with its three-vertical and one-horizontal lines connecting with China-Singapore Guangzhou Knowledge, Songshan Lake in Dongguan, Guangzhou-Shenzhen-Hong Kong-Macao Scientific and Technological Innovation Corridor, Qianhai of Shenzhen, Hong Kong, city centre of Huizhou and Huizhou Bay respectively, as well as transportation access to other areas in Guangdong, including northeast region of Guangdong, Heyuan, Meizhou, Shenzhen-Shantou Economic Cooperation Zone, eastern Guangdong and coastal regions of Guangdong.

According to Mr. Lin Jiang, Deputy Director of the Center for Studies of Hong Kong, Macao, and Pearl River Delta, “The丰-shaped transportation network will help raise the profile of Huizhou as a regional transportation hub in the eastern bank of Pearl River or the entire eastern Guangdong and northern Guangdong”. He further added that an open, convenient and efficient transportation network would greatly sustain Huizhou’s healthy industrial development and transform the city into a first-class one in China.

Reported by: DAI Jian


Editor:   Time:2020-12-20
   
   
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