Two major projects in Dalian FTZ started construction. [Photo/VCG]
On Oct 21, two major projects in the Dalian section of the China (Liaoning) Pilot Free Trade Zone – the Dalian YIDU cold chain global central warehouse project and Jiashengtong international precious metals raw materials trade and logistics center project - started construction in the Dayaowan Comprehensive Bonded Zone, with total investment reaching 1.72 billion yuan ($269 million).
The Dalian YIDU cold chain global central warehouse project is invested and constructed by Dalian YIDU Group, with a total investment of 1.32 billion yuan and an area of 85,000 square meters. It will build 300,000 tons of refrigerated storage and 72 processing plants, which are planned to be completed and put into operation in 2024.
Dalian YIDU Group was founded in 1988, located in the Dalian Bonded Free Zone. Since its establishment, it has developed into a major player in China in the fruit and vegetable export trade and has its own cold chain logistic companies and ecological agriculture projects to support its import and export activities.
The Jiashengtong international precious metals raw materials trade and logistics center project is invested and constructed by Dalian Jiashengtong International Logistics Company, with a total investment of 400 million yuan and an area of 100,000 square meters.
It will build a cross-border electronic trading market for precious metal raw materials that could reach across the country and connect the Asia-Pacific region and Africa.
The project is expected to be completed and put into use in 2022. The annual trade volume at the initial stage of operation will reach 5 billion to 10 billion yuan, and the annual trade volume will reach 100 billion yuan within 10 years, which will fill the market gap in Dalian and even Northeast China.
