A rendering of the Liando U Valley•Yiwu High-tech International Enterprise Port [Photo/WeChat account: yiwufb]

The municipal government of Yiwu signed a strategic cooperation agreement with Liando Group for the Liando U Valley•Yiwu High-Tech International Enterprise Port, local media reported on April 4.

The port will cost around 1.2 billion yuan and cover an area of 240 mu. It will form an urban industrial cluster by integrating production and manufacturing, R&D, design, headquarters economy, exhibitions, and conventions.

The port will be located on Houzhai Road in the Yiwu Hi-Tech Development Zone and is expected to inject new momentum into the city's intelligent manufacturing, electronic machinery, and medical device industries.

Liando Group is a Beijing-based company engaged in the construction and operation of industrial parks and carriers. It has built 190 industrial parks in more than 40 cities, including Beijing, Shanghai, and Guangzhou.