A computer-generated image of Qianhai free trade zone. File photo
The Qianhai Development and Investment Holdings Co., one of the main developers of Qianhai, said during a signing ceremony last week that it will complete 43 construction projects worth about 5.16 billion yuan (US$774 million) in 2016.
To fulfill its leading role in the construction, the company urged every department to make detailed plans and sign agreements.
Yang Shaolin, chairman of the company, said they will speed up the construction by improving the operating structure and optimize resource allocation.
In 2015, the company constructed 31 projects worth about 3.02 billion yuan.
The company inked a framework agreement with China Merchants Group on June 18 to establish a joint venture that would develop 2.9 square kilometers of land in Qianhai. It will also cooperate with the Nanshan Thermoelectric Plant to integrate resources.
Last year, 36 buildings were capped in Qianhai and the land-use rights of an area of 87,600 square meters were transferred, generating 35 billion yuan in revenue.