The construction of Qingdao’s New High-Tech Industrial Zone on the west coast Jiaozhou Bay officially began this month with an initial planned investment of 55.6 billion RMB.
Qingdao’s new Blue Economic Zone also known as Blue Silicon Valley (青岛蓝色硅谷), which is part of the growing and nationally funded Shandong Peninsula Marine Economic Zone, runs eastward past Jimo to Mount Lao.
Located in Laoshan and Jimo districts near AoShanWeiZhen on AoShan Bay, Qingdao’s Blue Silicon Valley (青岛蓝色硅谷) along with the New High-Tech Industrial Zone will include an innovation park that will mainly focus on marine economy and its emerging high-tech industries and start-ups. The region is sometimes referred to as Qingdao OceanTec Valley.
It’s estimated that by 2016 the number of tech companies will surpass 10,000 offering 200,000+ job opportunities in Qingdao.
By 2016, the total area of the innovation park program will reach 14 square kilometers, including a 400-hectare area for marine industry research, 300 hectares of space for alternative-energy and new-materials research, 200 hectares for software services and advanced manufacturing and a 100-hectare area for cloud computing and communications.