Ten projects involving equipment manufacturing, biomedicines, new materials and other industries, worth 13.4 billion yuan, sign up to settle in Rudong county. [Photo/ntfabu.com]

A signing ceremony for projects held on Dec 20 in Rudong county – administered by Nantong in East China's Jiangsu province – is expected to provide a major boost to the region's economy.

The project projects, involving total investment of 13.4 billion yuan ($2.1 billion), signed up to settle in the Yangkou Port Economic Development Zone, the Rudong Economic Development Zone and in the Rudong Coastal Economic Development Zone.

The projects will be undertaken in the areas of equipment manufacturing, biomedicines and new materials.

Focusing on expanding competitive industry clusters, the towns and zones in Rudong have all pushed hard to provide efficient and dependable services and guarantees for the projects. Starting in September, a total of 65 new projects were signed up to settle in the county, with investments of 44.6 billion yuan.

These included 11 projects worth 1 billion yuan and above, four worth 2 billion yuan and above, one worth 5 billion yuan and one worth 10 billion yuan.

During the autumn investment season, the Yangkou Port Economic Development Zone took the lead, attracting 10 major industrial projects and one investment fund project, worth 9.5 billion yuan in total.

"The newly signed projects for Yangkou Port are of a high level and will have a strong impact in driving economic development, laying the foundation for promoting Rudong's industrial transformation and its upgrading and high-quality economic development," said Chen Lei, acting head of Rudong.