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ITL gains $14b investment from Silk Road Expo

By Sun Hui (chinadaily.com.cn)

Updated: 2017-06-13

Xi'an International Trade & Logistics Park (ITL) attracted 94.68 billion yuan($14 billion) in investment during the 2017 Silk Road International Exposition and the 21st Investment and Trade Forum for Cooperation between East and West China from June 3 to 7.

Some 27 contracts for Xi'an key projects were signed, of which 11 were foreign-invested projects with an investment of $1.26 billion. The investment covered a wide range of areas from e-commerce to culture and sports industry.

A highlight for the park was a contract between Prologis, the world's second-largest logistics company, Shanghai Pharma and Xi'an International Trade & Logistics Park to build an international trade and logistics center with a total investment of 2.5 billion yuan.

Xi'an International Trade & Logistics Park has also developed a cooperation relationship with electronic retailer Ego Group to build an e-commerce operations base at the park. The two sides will create an internet and entrepreneurship platform, integrating maker spaces, cross-border e-commerce, and an intelligent hardware experience center.

ITL gains $14b investment from Silk Road Expo

Xi'an International Trade & Logistics Park is showcased during the 2017 Silk Road International Exposition and the 21st Investment and Trade Forum for Cooperation between East and West China from June 3 to 7. [Photo/itl.gov.cn]

ITL gains $14b investment from Silk Road Expo

Prologis, the world's second-largest logistics company, signs a contract with Shanghai Pharma and Xi'an International Trade & Logistics Park to build an international trade and logistics center at the park. [Photo/itl.gov.cn]

ITL gains $14b investment from Silk Road Expo

Xi'an International Trade & Logistics Park cooperates with Ego Group, an electronics retail developer, to build the company's e-commerce operation base in the park during the Silk Road Expo. [Photo/itl.gov.cn]

Logistics giant invests in ITL

2017-06-12

Prologis, the world's second-largest logistics company, signed a trilateral agreement with Xi'an International Trade & Logistics (ITL) Park and Shanghai Pharma on June 6.

Red Wine Trading Base opens in ITL

2017-06-12

The Shaanxi Pilot Free Trade Zone launched its first wine tasting conference in ITL on June 4.

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