The New Area
Investment and Development
There are large area of beaches and uncultivated land in the New Area. The development space is broad and is convenient for overall planning. The construction cost is low. Panjin is one of the most important domestic petrochemical industry bases. Liaohe oilfield, the third domestic oilfield, is also located here and it has provided strong support for the development of petrochemical industry in the New Area. The New Area occupies along the river and is close to the sea. It has over 50 kilometers of river and coastal shorelines. The water here is deep and the sea is calm. No siltation or freezing can be found all year around and it’s a perfect place for the development of marine engineering equipment manufacturing industry. Besides, the underground hot springs and wetland eco-tourism resources are abundant in the New Area and they are of great development value.