With an investment of $300 million, construction on the Jiangsu Qiaohang Marine Equipment Manufacturing Base broke ground in Jingjiang, Jiangsu province, on July 16.
The total planned investment for the first phase of the project is $150 million, with a land area of 5.33 hectares.
The project will rely on the resources and expertise of Jiangsu Qiaohang Marine Equipment — the company behind the project — in the field of offshore equipment, while also utilizing the industry leading resources of partner CCCC Second Harbor Engineering, a core backbone subsidiary of China Communications Construction Company.
It will focus on the layout of core offshore wind power equipment, offshore boosting stations, offshore hydrogen production stations, offshore ranches and more, striving to build a full-chain offshore industrial system spanning equipment manufacturing, offshore transportation, and offshore installation.
Shen Qiang, an official of Jingjiang, said that shipbuilding and marine engineering are the most competitive industries in Jingjiang.
He added that Jingjiang will strive to further integrate into the national marine economic development layout, promote the development of more marine projects, and build a globally influential advanced manufacturing cluster for shipbuilding and marine engineering.