China-Malaysia Qinzhou Industrial Park

The China-Malaysia Qinzhou Industrial Park (CMQIP) is a cooperative project between the Chinese and Malaysian governments, as well as the third international park jointly constructed by the Chinese government and a foreign government partner. The total planned area of the park is 55 square kilometers.

Focusing on the development of biomedicine, electronic information, equipment manufacturing, new energy and new materials, modern services, as well as traditional ASEAN industries, the park is committed to constructing: a high-end industrial agglomeration area; an integration demonstration area of industry and city; an enrichment area of science, education, and talent resources; as well as an international cooperation and free trade pilot area.

In 2013, the China-Malaysia Joint Venture Company, the main investment entity in the development of the park, was formally established. By the end of 2018, the total area of land requisition and relocation in the park reached 22 square kilometers, and the project layout exceeded 15 square kilometers. In the six years since the park was opened, the total investment in the park has exceeded 14 billion yuan ($1.99 billion), and the land supply rate has increased from less than 40 percent at the beginning of 2015 to more than 70 percent.

China-Malaysia Qinzhou Industrial Park. [Photo/zmqzcyyq.gxzf.gov.cn]

At present, the construction area of the park has reached 22 square kilometers, 360 registered enterprises have entered the park, 15 billion yuan in fixed asset investment has been completed, as well as about 130 projects have been introduced with the total investment in their agreements reaching about 100 billion yuan.

Breakthroughs have been made in the layout of major projects, with a number of strategic emerging industry projects having settled and started construction. Traditional advantageous industries, such as bird's nest processing companies, have also been introduced to the park.

The park has also strengthened investment in infrastructure and supporting projects. The Electronic Information Industrial Park, China-Malaysia International Science and Technology Park, Smart Internet of Things Industrial Park, and the Bird's Nest Processing Trade Base have been put into use. Supporting services, such as urban complexes, youth apartments, national laboratories, primary and secondary schools, as well as expert apartments, have been basically completed.

In the future, the park will continue to explore areas, such as deepening cooperation between China and Malaysia, the cultivation of strategic emerging industries, the construction of urban supporting projects, the reform of institutional mechanisms, making innovations in development and operation modes, as well as promoting construction and implementation of the projectsto make greater contributions to the development and opening-up of the Beibu Gulf Economic Zone, as well as the economic and social development of Guangxi.