The signing ceremony for Xi'an's industrial projects in 2021 was held on March 24, with 215 project contracts signed with a total investment of 303.73 billion yuan ($46.49 billion).

These included 100 projects with an investment of 1 billion yuan or more, 31 of 3 billion yuan or more, 17 of 5 billion yuan or more, and one of 10 billion yuan or more.

The signing ceremony for Xi'an's industrial projects in 2021 takes place on March 24. [Photo/Xi'an municipal government's WeChat public account]

They cover multiple fields such as new energy, new materials, aviation components, smart manufacturing, biomedicine, electronic information, the digital economy, cultural tourism and healthcare.

On the day, Yangling Metron New Materials Co and the management committee of Xi'an National Civil Aerospace Industrial Base signed a contract to build Xi'an Metron Industrial Park, which will be an R&D center focusing on diamond wire, intelligent manufacturing and equipment.

The person in charge of the company said Xi'an's favorable industrial investment policy and its concentration of industrial development made it decide to accelerate its expansion in Xi'an.

A smart parking company engaged in the overall planning, design, construction and operation of three-dimensional garages in old communities, Shaanxi Tianchi Three-dimensional Parking Development Co signed a contract with Beilin district.

Xi'an High-tech Industries Development Zone signs industrial project contracts on March 24. [Photo/Xi'an municipal government's WeChat public account]

It plans to invest 1.5 billion yuan to build 30,000 three-dimensional parking spaces, which will address the lack of parking spots near old communities in the city.

Xi'an has taken industrial investment as an important starting point for accelerating its transformation into a strong advanced manufacturing city, promoting the upgrading of the city's industrial structure and the transformation of the economic development model, and bringing vitality to urban development.