KUALA LUMPUR, Malaysia Twelve agreements were signed with Singapore research institutions, business associations and companies by the Chinese province of Chongqing, Jiangjin District, China at an investment promoting event in the country recently.
The investment event was to explore cooperation opportunities with Singapore and other ASEAN countries. Jiangjin District is also a vital link on the southbound passageway of Chongqing-Guizhou-Guangxi-Singapore and a key point on China's Silk Road Economic Belt.
Among the agreements are National University of Singapore (NUS) Optical Science and Engineering Center, Singapore-China Business Association and Business China, which include the Chongqing Baisha artist village project co-invested by Jiangjin District and Nanyang Ventures Pte Ltd, together with Xiamen Ancient Art Culture Communication Co for 115 million yuan (US$18.20 million).
The strategic cooperation between Jiangjin District and the Singapore Alumni Association of Dalian Maritime University is also one of the 12 projects signed, a statement said.
In recent years, a batch of projects invested by Singaporean enterprises including Mapletree comprehensive industrial park, Yingli international hardware and electrical machinery market, ProLogis (Chongqing) Luohuang logistics park and BLOGIS have already settled in Jiangjin District.
Meanwhile, Temasek Group and Singapore's Chongqing Chamber of Commerce have all turned their eyes to Jiangjin District and established a close partnership with it, the statement added.
Source: NAM News Network