Shandong Port Group marks advancements in building world-class port cluster

Shandong Port Group (SPG), a State-owned enterprise that operates major ports in East China's Shandong province, recently marked the completion and readiness of its world-class port cluster in five cities with a total investment of 229.51 billion yuan ($31.88 billion).

The celebration was held successively at Qingdao Port, Yantai Port, Rizhao Port, Binzhou Port and Weifang Port, all of which are subsidiaries of SPG.

In Qingdao Port, one of the world's largest comprehensive ports, SPG has a total of 32 completed and planned projects with a combined investment of 75.49 billion yuan, signifying a promising start to the new year in terms of collaboration between the port and the city of Qingdao.

In Yantai Port, SPG has completed and scheduled 32 projects with a total investment of 56.25 billion yuan, focusing on port infrastructure and industrial parks in close proximity. The objective of these projects is to position Yantai, a coastal city with a rich history, as a key national logistics hub centered around its port. This designation will enhance the overall development of the port areas, industrial parks and surrounding urban areas, driving economic growth.