Guangdong - Huizhou Dayawan Economic and Technological Development Zone

Huizhou Dayawan Economic and Technological Development Zone (including Huizhou Export Processing Zone)

Facts and Figures (2007)

Source: Administration Committee of Huizhou Dayawan Economic and Technological Development Zone

Introduction

Upon the approval of the State Council, the Huizhou Dayawan Economic and Technological Development Zone (Huizhou Dayawan ETDZ) was set up as a state-level development zone in 1993. In 2006, the zone was granted permission by the State Council to expand its designated area from 9.98 km² to 23.6 km². Huizhou Export Processing Zone (Huizhou EPZ) is situated within the Huizhou Dayawan ETDZ, and is still under construction. The official operation of Huizhou EPZ is expected to start in 2009.

Huizhou Dayawan ETDZ is located in the Dayawan District, which is located in the southern part of Huizhou in the Pearl River Delta. The zone borders Shenzhen to the west, and is less than 90 km from Hong Kong. Huizhou Port, also situated in Dayawan District, is home to sixty berths, sixteen of which have a cargo-handling capacity of over 10,000 tons. In 2007, Huizhou Port, being one of fifteen major coastal ports in China, handled 23.2 million tons of cargo. Transport conditions are favorable in Huizhou; Huizhou-Aotou Road, running through Huizhou Dayawan ETDZ, is connected with Shenzhen-Shantou Highway, Guangzhou-Shantou Highway and Huizhou-Yancheng Highway. The sub-line of Beijing-Kowloon Railway passes through the zone.

The zone can be reached easily by air. It is 70 km away from Shenzhen Bao'an International Airport, 150 km away from Guangzhou Baiyun International Airport and 120 km away from Hong Kong Chek Lap Kok International Airport. All of these three airports are within two hours' drive of the zone.

Investment Climate

In 2007, the GDP of Huizhou Dayawan ETDZ edged up 55.1% from the previous year to RMB 15.7 billion, comprising 14.2% of Huizhou's GDP. The fixed-asset investment in the zone has been more than doubled to RMB 14.6 billion, accounting for nearly 30% of Huizhou's total.

The gross industrial output from the zone rose 36.6% year-on-year to RMB 42.7 billion, contributing 19.3% of Huizhou's total. As its major industries, the zone has formed petrochemicals, electronics, information technology, steel, energy, paper-making and logistics.

The Dayawan Petrochemicals Industrial Park is located within Huizhou Dayawan ETDZ. By 2007, a total of thirty-six projects had commenced operation in the zone, with combined total investments exceeding RMB 81 billion. In 2006, CNOOC and Shell Petrochemicals Co. Ltd., a joint venture between CNOOC and Shell, built up the Nanhai Petrochemical Project in the petrochemical industrial park with an investment value of US$4.2 billion. The project has a production capacity of 0.8 million tons of ethylene and 2.3 million tons of high-end chemical ramifications products annually.

The zone has attracted investors from twenty different countries and regions, all of whom have established business there. In 2007, the utilized FDI in the zone soared 34.9% year-on-year to US$275 million, making up 22.4% of that of Huizhou. By the end of 2007, twelve Fortune 500 enterprises, such as Shell and Honda, had commenced business in the zone. 

The zone has also attracted many domestic investors, including Dongfeng, Guangdong Ever Bright Group, Huade Group, and many other firms. Guangdong Ever Bright Group, a Huizhou-based firm specializing in electronics manufacturing services, has launched four plants in the zone, producing laser heads, PCB, and other electronic components.