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Viewing report
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Beijing Miyun Economic Development Zone
China Knowledge Press, June 2011, Pages: 25
Beijing Miyun Economic Development Zone (Beijing Miyun EDZ) rated “BB” by China Knowledge in a research report on China’s industrial real estate published today. The EDZ, formerly known as Beijing Miyun Industrial Park, was set up in 1992. It won approval to be a municipal-level development zone from the Beijing municipal government in 2000, and has an area of 3.5 sq km.
The zone is situated in Miyun County in the northeastern part of Beijing, 65 km from the city center. The zone is adjacent to Beijing-Miyun Road and Beijing-Chengde Highway. Beijing Capital International Airport and Tianjin Port are located 40 km and 160 km away from the zone, respectively.
Beijing Miyun EDZ consists of a high-tech electronic information base, a bioengineering and pharmaceuticals base, a textiles-processing base, an auto parts manufacturing base and a green food processing base. It encourages investment in the electronics, auto parts, food processing, pharmaceuticals and auto parts industries.
By 2010, there were over 190 companies in the zone. Their total revenue reached RMB 15.0 billion in 2010. By 2008, the zone attracted US$224.3 million in contracted foreign investment and the utilized FDI reached US$204.3 million.
The major investors in the zone are Futian Auto, Yili, Hualong Group, Taizi Group, NUCTECH, Renchuang and Huayuan. Beijing Huayuan Renji Pharmaceuticals Logistics Park, founded by Anhui-based Huayuan Group and Beijing Miyun EDZ Group, was inaugurated in 2006 in the zone. Total investment in the park exceeded RMB 100 million. Covering an area of 30,000 sq m, the logistics park is capable of storing 25,000 types of pharmaceuticals.
Industrial parks rated BB are considered attractive at a below-average level. Industrial parks with this rating are typically either in the development stage or are lacking certain important elements. There are 50 with BB rating among 254 national and municipal level industrial parks.
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