JINAN, Aug. 28 (Xinhua) -- 10 major foreign investment projects were signed in east China's Shandong Province on Thursday, involving a total investment of 797 million U.S. dollars.
The move is aimed at broadening and deepening the cooperation channels between Shandong and multinational companies, strengthening the confidence of win-win cooperaion, and jointly maintaining the stability of the industrial chain and supply chain.
The 10 major projects mainly come from six European countries including Germany, France, Italy, Austria, Poland and Sweden, covering high-end equipment manufacturing, new materials, modern finance, biotechnology, food manufacturing, chemical and other industries.
Among the total, three were inveseted by Fortune Global 500 companies, namely Italy's Intesa Sanpaolo, Germany's Linde Group and France's Air Liquide.
Shandong will continue to create a market-oriented, legalized and international business environment to ensure that foreign investors can invest in Shandong with confidence and enjoy free development.
Since Yantai City introduced Shandong Province's first investment from the Fortune Global 500 company Henkel in 1987, a total of 219 Fortune Global 500 companies have invested in Shandong, involving 785 local companies and 16 cities in the province. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)
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