Xianyang to invest 3b yuan in medical industry

A multi-dimensional city project in the Xixian New Area in Xianyang, Shaanxi province drew great attention from investors who plan to invest 3 billion yuan ($492.4 million), China Daily learned on Wednesday.

During the Third Shaanxi, Guangdong and Hong Kong Economic Cooperation Week which started on Tuesday in Hong Kong, the project received intentional investment with agreements signed by a few Hong Kong companies for a medical and healthcare industrial park to be built in the new city. The total floor area of the industrial park will be over 300,000 sq meters.

Wang Jun, standing deputy director of Xixian New Area management committee, told China Daily that the medical industry has a bright future for development and also has many opportunities for businesses in the area.

The Xixian New Area is a newly designed area of urban development consisting of over 882 sq km between Xi'an, capital of Shaanxi province and Xianyang, a city next to Xi'an. The new area was officially approved by the State council in February, 2012.

And a project within the multi-dimensional city consists of a miniature city which will be built in the Xixian New Area with a total investment of some 30 billion yuan from the Wantong Group.

According to Feng Lun, president of the Wantong Group, the medical industrial park to be built in the new city will form a healthcare network providing medical services for those living and working there.