Lanzhou New Area, a new economic growth point in the northwestern province of Gansu, has become a spotlight of the Silk Road Economic Belt and gained much attention from the business community, as it witnessed 31 new projects signing during 20th Lanzhou Investment and Trade Fair, with the investment volume totaling 73.9 billion yuan.

The newly introduced projects, covering areas like petrochemical engineering, equipment manufacturing, biomedicine, modern logistics and modern agriculture, are expected to leverage the area’s sophisticated infrastructure, business-friendly environment and favorable policy support, and in turn generate a strong impetus for the Area’s development.

“The streamlined administrative procedure and efficient service makes every company feel confident about its future in the New Area,” said a senior director of Amer International Group, a Fortune 500 company which has recently established operations in Lanzhou.

According to the Preferential Policy Measures for Businesses initiated by Lanzhou New Area, companies can enjoy financial, tax and personnel incentives in accordance with their investment volume and productivity.

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