omniture

A USD10 Million Level Foreign Project Lands in TEDA Every Two Days

Tianjin Economic-Technological Development Area
2006-11-03 18:22 1162

TIANJIN, China, Nov. 3 /Xinhua-PRNewswire/ -- TEDA declared that from

January to September this year, TEDA has attracted a total of 118 foreign

projects, each of whom have invested USD10 million in TEDA. 95 of these

projects are newly approved projects and 23 are projects that have added

investment, including 13 Fortune 500 companies.

(Logo: http://www.prnasia.com/sa/20061103123230-28.jpg )

According to statistics, the total foreign investment, contractual

foreign investment and actual contribution in TEDA in the first three

quarters, have reached USD3.936 billion, USD2.556 billion and USD1.13

billion, respectively. The last two have increased by 30.08% and 19.58% year-

on-year.

In September alone, there have been 19 newly approved foreign companies

in TEDA and 25 foreign companies already established have added investment.

Of the newly approved, there are 12 projects, each investing over USD10

million. Thus far, several industries have established a base in TEDA, such

as the telecom industry, represented by Motorola and Samsung, the automobile

industry, represented by TOYOTA, the food and beverage industry, represented

by Nestle, CocaCola and Master Kong, and the bio-medicine industry,

represented by NOVO and GSK. Recently, the environment industry began

strongly setting foot in TEDA with representation from the likes of Vestas

and Veolia Water.

About Tianjin Economic-Technological Development Area (TEDA)

Tianjin Economic-Technological Development Area (TEDA) was established in

1984 with the approval of the State Council of the People’s Republic of

China. It is one of the first state-class economic-technological development

areas in the country.

TEDA is located in the center of a larger area bordering Bohai Sea and

the east of the Asia-Europe Land Bridge, thus serving as the gate to the two

super cities of Beijing and Tianjin, and the throat connecting the northeast

of China. By the end of 2005, 4,067 foreign companies have landed in TEDA.

Of the Fortune 500 companies, 57 multinational companies, from 10 countries

and regions, including such well-established multinational giants as

Motorola, Samsung and Toyota, invested in 123 enterprises in TEDA. In

2000, "Fortune" listed TEDA as one of the most highly recommended economic

areas in China. In 2002 UNIDO listed TEDA as one of the most dynamic areas

of China together with Shenzhen, Suzhou, Wenzhou, Shanghai Pudong and Xi’an

High-tech Park.

For more information, please visit: http://www.investteda.org .

SOURCE Tianjin Economic-Technological Development Area

Source: Tianjin Economic-Technological Development Area
collection