Total of 103 Projects worth over 110 billion yuan (about 17 billion U.S.Dollars) were jointly inaugurated Sunday in the Knowledge City of Guangzhou, Capital of China’s Guangdong Province.

It is the first batch of projects launched this year in China-Singapore Guangzhou Knowledge City (CSGKC), an iconic bilateral cooperation program between the two countries.

The 103 Projects, covering entities in strategic emerging industries, infrastructure construction and urban development among others, are estimated to achieve a revenue of some 240 billion yuan (about 37 billion U.S.dollars).

This batch of projects, the first signed this year within the CSGKC framework, is expected to better serve the Belt & Road Initiative and development of the Guangdong-Hong Kong-Macao Greater Bay Area.

The CSGKC, positioned as a model and catalyst of the economic upgrading & environmental enhancement of south China’s Guangdong Province, is a major joint project intended to set the trend for sustainable development of knowledge-based innovative cities.