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The?signing ceremony at the trade fair hosted by Ningxia government in Fujian Province on Monday. [File Photo] |
Ningxia Hui Autonomous Region government hosted a trade fair on Monday in Fujian Province, where it reached agreement with local investors to initiate 17 projects in Ningxia with a total investment of 9 billion yuan (US$1.4 billion), Ningxia Daily reported.
The projects belong to priority industries strongly supported by the Ningxia government, including new energy, new building materials, processing of agricultural and sideline products and trade and business services.
Investment volumes from each project range from 120 million yuan (US$18.9 million) to 1.2 billion yuan (US$189 million). Of the 17 projects, five will receive investments exceeding 500 million yuan (US$78.7 million).
Prior to the fair, Ningxia’s vice chairman Li Rui led a trade delegation to Fujian Province to promote Ningxia’s investing prospects and explain various regional advantages to 200 entrepreneurs there.
