The eastern Chinese boomtown of Kunshan broke ground on a robot industrial park with an investment of 1.06 billion yuan (US$145 million) on October 6, local media reported today.
The park, located in the Lujiazhen Town of Kunshan, a prefecture-level city governed by Suzhou, is expected to generate over 2 billion yuan in annual revenue, with taxes topping 100 million yuan.
Sitting on a floor area of 170,000 sqm, the park, named Haimei International Yangtze River Delta Smart Robot Park, is said to provide a suite of service once completed.
These services include supplying businesses with office buildings, R&D facilities, production space and living quarters for staff workers.
Once operational, the park is expected to become a centerpiece of Lujiazhen Town’s bid to establish an innovative smart robot industrial cluster.
Authorities in Kunshan, however, didn’t reveal the timetable for the construction on the park.
On the day of the ground-breaking ceremony, Lujiazhen kick-started 18 industrial projects worth a combined investment of 3.5 billion yuan.
They span a variety of realms from smart robotics to aesthetic beauty, from new energy to new material.
These projects are expected to add 9 billion yuan a year to Kunshan’s coffers when they are up and running.
Kunshan, located at the heart of the “land of fish and rice,” has been honored as China’s most prosperous county for years on end.
With a permanent population of 2.12 million, its GDP totaled 500.67 billion yuan in 2022, up 1.8% year on year.
With less than an hour’s drive from Shanghai and Suzhou, two cities famous for their booming economy and a thriving robotics sector, Kunshan is tipped to leverage its geographical advantages to appeal to businesses from neighboring regions.