34 C
Vientiane
Sunday, April 27, 2025
spot_img
Home Blog Page 967

Mira Coral Bay: Branded Property in Ras AI Khaimah (UAE) Reimagined By Mira Developments and Marjan

  • Located in the heart of Ras Al Khaimah, Mira Coral Bay marks a new chapter in the emirate’s luxury lifestyle segment
  • The project of significant investment stands out for its expansive land area, prestigious brands, and substantial Gross Floor Area.
  • Mira Coral Bay boasts one-of-a-kind architecture and facilities that are inspired by the surrounding environment and the natural form of coral.

RAS AL KHAIMAH, UAE – Media OutReach Newswire – 19 September 2024 – Marjan, the master developer of freehold properties in Ras Al Khaimah, has announced the launch of Mira Coral Bay, a new large-scale waterfront project in the Al Mairid area. Developed in partnership with Mira Developments, known for its branded property portfolio, this ambitious project is a mixed-use destination that will redefine Al Mairid’s status as an investment and tourism hub. Mira Coral Bay is a substantial investment in the waterfront residential community, underscoring Marjan’s commitment to enhancing the emirate’s real estate landscape.

Mira Coral Bay: Branded Property in Ras AI Khaimah (UAE) Reimagined By Mira Developments and Marjan

Mira Coral Bay comprises multi-use properties developed in collaboration with various reputable lifestyle brands. The partnership with Mira Developments marks a significant milestone for Marjan’s subsidiary, the RAK Dredging Company, which is developing Al Mairid into a unique destination with world-class infrastructure in line with Ras Al Khaimah’s vision of emerging as a leading tourism and investment magnet in the region.

With a masterplan by Marco Casamonti & Partners / Archea Associati, a studio with over 200 architectural works worldwide, including the Antinori Winery in Italy and the Li Ling World Ceramic Art City in China, Mira Coral Bay is poised to turn into a landmark destination in Ras Al Khaimah, attracting discerning investors, residents, and tourists from around the globe.

Each property in Mira Coral Bay, developed in collaboration with world-leading lifestyle brands, will ensure the highest standards of luxury, design, and service. Located just 10 minutes from Downtown Ras Al Khaimah, Mira Coral Bay will offer residents and visitors unparalleled access to the emirate’s vibrant city life while providing a serene waterfront retreat.

Mira Coral Bay features a 5-star branded spa hotel with 100 keys, a resort hotel featuring 250 rooms, a state-of-the-art yacht club, and two exclusive branded beach clubs. A grand jewel in the Al Mairid area, Mira Coral Bay will also have six clusters of villas comprising 165 units, two clusters of townhouses with 128 units, four clusters of apartments totalling 650 units, and 10 premium branded restaurants. The mixed-use development will include underground parking and scenic walkways with a unique architecture that incorporates the environment and outdoor facilities while keeping in mind the comfort of pedestrians. The master plan is a homage to Al Mairid’s unique landscape, featuring a serene waterfront set against towering majestic mountains.

Aligned with RAK Vision 2030, Mira Coral Bay is designed to reinvigorate the local economy and boost the emirate’s business and tourism development prospects. The ambitious project marks the beginning of a new chapter for Marjan as the one-of-a-kind infrastructure and architecture positions Al Mairid as a futuristic residential and leisure destination that will unlock job opportunities and redefine the luxury lifestyle in Ras Al Khaimah.

Hashtag: #MiraDevelopments #Marjan #RasAlKhaimah #UAE

The issuer is solely responsible for the content of this announcement.

About Mira Developments

Mira Developments is a UAE-based company and a part of the Mira Group. It engages in residential and commercial property construction projects with a strong focus on collaborations with the world’s leading lifestyle brands and fully furnished homes. Among its most notable projects are the Mira Villas designed by Bentley Home, a gated lagoon community in Meydan, Dubai, just 15 minutes from Burj Khalifa and Trussardi Residences in Al Furjan, Dubai, the world’s first residential property by the Italian fashion icon.

About Marjan

Marjan is the master-developer of freehold property in Ras Al Khaimah, responsible for path-breaking developments such as Al Marjan Island aimed at positioning Ras Al Khaimah as one of the region’s leading tourism and investment destinations. Mandated with developing waterfront, urban and mountain destinations that will add to the competitiveness of the emirate, Marjan’s strategic master-planning approach is to leverage Ras Al Khaimah’s natural assets and lay the foundations of the emirate’s future expansions.

SUNRATE signs MOU with Singapore-Thai Chamber of Commerce

Joint Effort Aims to Accelerate Growth and Expansion of Thai Companies in Singapore


SINGAPORE – Media OutReach Newswire – 19 September 2024 – SUNRATE, an intelligent global payment and treasury management platform, announced that it has signed a memorandum of understanding (MOU) with the Singapore-Thai Chamber of Commerce (STCC Thailand) to empower Thai companies seeking to scale and operate in Singapore.

As part of the partnership, members of Singapore-Thai Chamber of Commerce can now leverage SUNRATE’s technological resources and the expertise of its business development representatives to navigate the complex landscape of international business expansion. This support includes the ability to make payments via SUNRATE’s business account to more than 190 countries and regions, transact in over 130 currencies, and benefit from global collection services available in over 30 currencies. Additionally, companies can collect funds in more than 10 major international currencies as if they were local payments. Foreign companies can also open SUNRATE’s THB collection business accounts.

Li Tao, Head of Growth at SUNRATE said, “On the ground, we understand that many Thai companies face challenges in setting up or scaling their business operations across borders, particularly in Singapore. As the leading global B2B payment platform for Emerging Asia, we are perfectly positioned to empower these companies, especially regarding their business payment needs.”

Marciano Birjmohun, Vice Chairman of the Singapore-Thai Chamber of Commerce, said “The Singapore-Thai Chamber of Commerce actively supports its members and affiliates, particularly Thai companies, by providing them with greater access to professional services essential for seamless business expansion. This strategic partnerships with SUNRATE ensures that companies receive tailored guidance, resources, and expertise. This facilitates smooth entry into new markets, strengthens cross-border collaboration, and enhances the overall experience of expanding business operations within the region”

Hashtag: #SUNRATE

The issuer is solely responsible for the content of this announcement.

About SUNRATE

SUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.

With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan, and is the principal member of both Mastercard and Visa.

To learn more about SUNRATE, visit

About Singapore-Thai Chamber of Commerce

Singapore-Thai Chamber of Commerce (STCC) was founded as a non-profit organisation in 1993 by a group of Bangkok-based Singaporeans.

Besides maintaining close relationships with the Singapore Embassy and Enterprise Singapore (ES), an initiative by the Singapore government to promote trade, STCC aims to promote economic and social relationships by bringing Thai, Singapore and foreign companies which are stationed in Thailand together. From a macro perspective, STCC aims to be the bridge connecting the two countries, which will lead to the betterment of both Singapore’s and Thailand’s economy.

Our current corporate members consist of over 200 companies, from an extensive and diverse range of sectors like Banking and Finance, Hospitality, Properties, Professional Services, Electronic, Manufacturing and industries. Our vast network of members increases interactions and business opportunities and investment activities and opportunities between Singapore and Thailand.

First Phosphate Reports Initial Mineral Resource Estimate on its Bégin-Lamarche Phosphate Deposit in the Saguenay-Lac-Saint-Jean Region of Québec, Canada


Saguenay, Quebec – Newsfile Corp. – September 18, 2024 – First Phosphate Corp (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce the results of its initial Mineral Resource Estimate (“MRE”) for its Bégin-Lamarche project, located 50 km north of the City of Saguenay, Quebec, Canada. The MRE, with an effective date of September 9, 2024, was carried out by M. Antoine Yassa, P.Geo., of P&E Mining Consultants Inc., who is an Independent Qualified Person within the meaning of Canadian Securities Administrators’ National Instrument 43-101: Standards of Disclosure for Mineral Projects (“NI 43-101”). MRE Highlights include:

  • Inferred pit-constrained Mineral Resource: 214.0 Mt @ 6.01% P2O5 (phosphate)
    Indicated pit-constrained Mineral Resource: 41.5 Mt @ 6.49% P
    2O5
  • Including Mountain Zone: Indicated Mineral Resource of 9.3 Mt @ 8.19% P2O5
          • Inferred Mineral Resource of 6.8 Mt @ 8.57% P2O5
  • Metallurgical Testwork indicates an anticipated apatite concentrate grade of 40% P2O5 at a 91% recovery.
  • The Bégin-Lamarche Deposit presents the potential for recovering two additional primary mineral products: a magnetite concentrate (iron) and an ilmenite concentrate (titanium).
  • Apatite (Phosphorus), titanium and high purity iron are all listed on the Quebec and Canadian critical minerals lists.
  • The Bégin-Lamarche Deposit contains very low levels of potentially deleterious elements.
  • The Deposit is open at depth.

“We have demonstrated that the Company benefits from a substantial strategic phosphate deposit located at only 70 km from the deep-sea port of Saguenay and Canadian Air Forces NATO Base Bagotville,” said First Phosphate CEO, John Passalacqua. “Our goal will be to bring this Mineral Resource into Preliminary Economic Assessment (“PEA”) later this year to then be able to evaluate the commencement of a Feasibility Study.”

The Bégin-Lamarche Phosphate Deposit contains a significant phosphate Mineral Resource that is associated with well-defined oxide-apatite peridotite (OAP) intrusions within the large Lac-Saint-Jean anorthosite suite (LSJAS). The LSJAS is the largest anorthosite phosphate mineralized anorthosite worldwide. The phosphate deposit is comprised of three mineralized zones within the deposit. The three zones are continuous, only separated by faults within the deposit and extend to a length of 2,500 m (Figure 1). The Mountain Zone is a single phosphate-bearing mass having a diameter of up to 200 m and a length of 250 m. Drilling at the Mountain Zone intersected massive apatite (phosphate-bearing mineral) veins of up to 2 m. The Northern zone is comprised of two phosphate layers ranging from 100 to 200 m in thickness and a length of 600 m. The Southern Zone bears four phosphate layers, one of them having up to 200 m in thickness and extending to 1,700 m.

Figure 1 – The Bégin-Lamarche Deposit Pit-Shell

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/223677_10eaf81724b92a56_001full.jpg

The above diagram can be viewed as a 3D deposit model by visiting https://www.firstphosphate.com/BeginLamarche3D

The Bégin-Lamarche Deposit mineralized wireframes boundaries were determined from lithology, structure, and grade boundary interpretation from visual inspection of drillhole cross-sections. Three mineralized wireframes were developed and referred to as Mountain, Northern and Southern Zones. The mineralized wireframes were constructed on 50 m spaced vertical cross-sections for the Mountain and Northern Zones and 100 m spacing for the Southern Zone, with computer screen digitizing polylines on drillhole cross-sections in GEMS™. The mineralized wireframe outlines were influenced by the selection of mineralized material above 2.5% P2O5 that demonstrated a lithological and structural zonal continuity along strike and down dip. In some cases, mineralization <2.5% P2O5 was included for the purpose of maintaining mineralized zone continuity. The minimum constrained width for mineralized wireframe interpretation was 3 m of drill core length.

The Bégin-Lamarche Mineral Resource Estimate is based on 120 drill holes totalling 29,762 m. The database contained 7,968 assays for percentage of P2O5, Fe2O3 and TiO2.The Mineral Resource Estimate is presented in Table 1.

Table1
Pit-Constrained Mineral Resource Estimate(1-4) at 2.5% P2O5 Cut-Off
Classification Zone Tonnes (Mt) P2O5 (%) P2O5 (kt)
Indicated Mountain 9.3 8.19 758
Northern 32.2 6.00 1,934
Total 41.5 6.49 2,692
Inferred Mountain 6.8 8.57 584
Northern 44.3 6.98 3,090
Southern 162.9 5.63 9,177
Total 214.0 6.01 12,851

Note: P2O5 = phosphorus pentoxide.

  1. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability.
  2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
  3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
  4. The Mineral Resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.

The Bégin-Lamarche Mineral Resource Estimate was derived from applying a 2.5% P2O5 cut-off value to the pit-constrained block model and reporting the resulting tonnes and grades for potentially mineable areas. The following parameters were used to calculate the Cut-off value that determines the open pit potentially economic portions of the constrained mineralization (Table 2).

The P2O5 cut-off value is calculated with parameters below:

  • US$:C$ Exchange Rate:
$0.75
  • P2O5 Price (32%):
US$180/t (approximate two-year trailing average)
  • P2O5 Price (40%):
US$225/t
  • P2O5 Process Recovery:
91%
  • Processing Cost:
C$14.00/t
  • G&A:
C$3.00/t
  • Mining Cost:
C$2.75/t (mineralized material and waste)
  • Pit Slopes:
45°

Accordingly, the P2O5 cut-off of potential open pit mining is calculated to be = 2.5%.

The optimized pit-constrained Mineral Resource Estimate is moderately sensitive to the selection of reporting P2O5 cut-off values, as demonstrated in Table 2.

Table 2
Pit-Constrained Mineral Resource Estimate Sensitivity to P2O5 Cut-off
Class Cut-off Tonnage P2O5 P2O5
P2O5 % (Mt) (%) (kt)
Indicated 5.0 27.2 7.86 2,143
4.5 30.5 7.53 2,298
4.0 33.8 7.22 2,436
3.5 36.7 6.94 2,547
3.0 39.3 6.69 2,632
2.5 41.5 6.49 2,692
2.0 43.3 6.31 2,732
1.5 44.8 6.16 2,759
1.0 46.0 6.03 2,774
Inferred 5.0 135.8 7.16 9,732
4.5 157.2 6.84 10,748
4.0 178.1 6.53 11,639
3.5 194.2 6.31 12,242
3.0 206.1 6.13 12,633
2.5 214.0 6.01 12,851
2.0 218.7 5.92 12,959
1.5 222.5 5.85 13,025
1.0 225.6 5.79 13,064
Mt: million tonnes kt: thousand tonnes

Metallurgical Testwork has been successfully conducted by SGS at their Quebec City facility with additional support by SGS Lakefield Ontario. Recent test results have confirmed that an apatite concentrate can be obtained assaying 40% P2O5 and at 91% recovery. Additional metallurgical test results indicate that the Bégin-Lamarche Deposit may have the potential to produce two additional, potentially marketable concentrates – an iron oxide (magnetite) concentrate and a titanium oxide (ilmenite) concentrate. Tests are continuing on this aspect.

First Phosphate’s Bégin-Lamarche Deposit is located approximately 50 km driving-distance north of the City of Saguenay, Québec’s sixth largest city, which hosts daily flights to Montréal, a skilled industrial workforce, strong local infrastructure, and which is 30 km driving distance from the deep-sea Port of Saguenay.

The geological and drilling work was planned, carried out and supervised by Laurentia Exploration Inc. Drill core was described at Lamarche near the deposit and at Laurentia Exploration’s offices. The drill core was sawn and sampled at Laurentia Exploration’s offices in Jonquière.

Qualified Persons

The scientific and technical disclosure for First Phosphate included in this News Release have been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Chief Geologist of the Company and a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”).

The Qualified Person independent of the issuer, responsible for estimating the Mineral Resources of the Begin-Lamarche Property, within the meaning of NI 43-101, is Mr. Antoine Yassa, P.Geo., of the firm P&E Mining Consultants Inc. Mr. Yassa has read this press release and confirms that the scientific and technical information in this press release for accuracy and compliance with NI 43-101.

An NI 43-101 compliant Technical Report will be filed on SEDAR+ within forty-five (45) days of this press release.

P&E Mining Consultants Inc., an associate group of twenty (20) geological and mine engineering professionals established in 2004, provides geological and mine engineering consulting reports, Mineral Resource and Mineral Reserve Estimates, NI 43-101 Technical Reports, Preliminary Economic Assessments, Pre-Feasibility and Feasibility Studies.

Laurentia Exploration inc. is a firm of consulting geologists based in Jonquière, Saguenay Lac-St-Jean. It has 80 employees, mainly geology professionals who are members in good standing of a professional order. The firm was founded in 2017 and carries out projects throughout Quebec and Ontario.

About First Phosphate Corp

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the lithium iron phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

-30-

For additional information, please contact:

Bennett Kurtz
Chief Financial Officer
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:

Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate/

Forward-Looking Information and Cautionary Statements

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things, the Company’s planned exploration and production activities, the properties and composition of any extracted phosphate, the Company’s plans for vertical integration into North American supply chains, the Company’s ability to prepare and the timing of the preparation of an NI 43-101 compliant technical report, to bring the Mineral Resource into Preliminary Economic Assessment later this year and to then be able to evaluate the commencement of a Feasibility Study.”

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company, as well as the Company’s ability to prepare an NI 43-101 compliant technical report, to bring the Mineral Resource into Preliminary Economic Assessment on the timeline provided and that the results will be consistent with the results referenced herein.”

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.

These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual Information Form dated November 29, 2023 which is available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR THE UNITED STATES

The issuer is solely responsible for the content of this announcement.

About First Phosphate Corp.

Beijing E-Town Shines at Cultural Tourism Exhibition with Cutting-Edge Technology

BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – At the recent 2024 China International Fair for Trade in Services, the “Cultural Tourism Services” exhibition booth of the Beijing Economic-Technological Development Area (also known as Beijing E-Town) in Hall 9 of the Shougang Park captured attention with its strong “tech vibe.” Covering approximately 136 square meters, the booth was divided into three sections: “Technology Leading Industrial Innovation,” “Technology Creating a Better Life,” and “Technology Empowering Livable Ecology.” With a clever use of an “island-style design” paired with “large screens,” the booth created a panoramic and immersive viewing experience for visitors, showcasing future industry highlights, new industrial-tech cultural tourism plans, and key points of human and ecological landscapes of Beijing E-Town.

A representative from the Beijing Economic-Technological Development Area stated that as the primary platform of the Beijing International Science and Technology Innovation Center’s “Three Cities and One Zone” and a pioneer in the high-quality development of the capital, the BDA has always maintained synergy between industrial development and cultural prosperity. By fostering mutual empowerment between technological innovation and cultural growth, the area is dedicated to creating a “Capital Innovation Culture Leading Zone.” It actively promotes the deep integration of technology, culture, and tourism, striving to build a demonstration area for industrial and technological tourism.

Upon entering the exhibition, visitors were greeted by nearly ten star products from Beijing E-Town, including the EX Robot, Peking Opera Robot, unmanned vending vehicles, AR subtitle glasses, “AI + Education” robots, and drones. The exhibit was further enhanced by a stunning ultra-clear LED screen that spanned the booth. A “digital Liangshui River” flowed beneath visitors’ feet, dynamically displaying shimmering water with clearly visible deer and waterfowl along the banks, creating a fully immersive and tech-filled experience. “It’s both impressive and surprising. I’ve been to Beijing E-Town several times before, but this is my first time ‘walking through’ it in such a way. It truly feels as innovative, tech-savvy, stylish, and livable as it’s being presented,” said Mr. Song, a local resident.

The exhibition also launched various activities, such as the release of the “Beijing E-Town Industrial Tourism Routes” and a guide to popular social media check-in spots, all displayed on electronic screens for easy access by visitors. The tourism route release, themed “A Tech Journey in E-Town,” introduced and recommended routes like “Cutting-Edge Innovation in E-Town,” “Science & Tech Education in E-Town,” “Unmanned Technology in E-Town,” “Learning History Through Action in E-Town,” and “Lohas Leisure in E-Town.” These routes include stops such as the COFCO Coca-Cola (Beijing) Museum, Capital Dairy Science Museum, Xiaomi Auto Super Factory, and the National Intelligent Connected Vehicle Innovation Center.

According to the BDA representative, the industrial tourism routes are part of the “City of Science Museums” initiative, which has already attracted over 100 corporate pavilions, experience centers, and science, technology, and cultural museums to join. This year, the initiative will continue to promote the “Beijing E-Town City of Science Museums” series of activities, providing multi-level, multi-disciplinary, and diverse cultural innovation experiences that offer the public a hands-on encounter with technological innovation.

In addition to showcasing where to explore in the Beijing Economic-Technological Development Area, the booth also introduced ways to visit popular spots. For example, the smart bird monitoring system at the Milu Deer Park was featured, unveiling the mysterious workings of the AI “Bird Inspector.” The Sky Castle Science Education Base also made its debut at the booth, offering visitors a detailed guide to enjoying their visit. Ms. Li, a resident, shared, “As a space enthusiast, I’ve always wanted to visit Sky Castle but have never had the chance. This encounter at the fair has not only given me more insight into the venue but also helped me plan my visit.”

Furthermore, the exhibition showcased “E-Town Gifts,” cultural and creative products with E-Town elements, allowing visitors to take home a unique souvenir from the area. It was announced that the first-ever “E-Town Gifts” city cultural store has officially opened in Hall 3 of the Shougang Park Metaverse Pavilion during the fair. This permanent window offers high-quality gifts and cultural products, including E-Town-themed items, classic Chinese porcelain, colorful Beijing embroidery, Yanjing Eight Wonders, intangible cultural heritage crafts, fine arts, and sports-themed creations, all originating from Beijing and the BDA.

Hashtag: #BeijingETown

The issuer is solely responsible for the content of this announcement.

2024 High-Quality Development Promotion Conference Held: Beijing E-Town Extends Global Invitation for Open Collaboration

BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – On September 13, the 2024 High-Quality Development Promotion Conference, themed “Invest in E-Town, Create the Future,” took place. Beijing Economic-Technological Development Area (Beijing E-Town, or BDA) showcased its achievements in high-level openness through various segments, including investment promotions, recognition of foreign enterprises, awards for international industrial parks, and signing ceremonies for enterprises entering the E-Town Comprehensive Bonded Zone. These events highlighted E-Town’s strong appeal as a hub for investment and sought to expand its international network for open collaboration.

30 Foreign Enterprises Recognized for Long-Standing Partnership, Boosting Confidence in Foreign Investment

At the event, BDA officials recognized 30 outstanding foreign enterprises that have been partners for 30, 20, and 10 years, respectively. The awards aimed to inspire these companies to increase investment and expand operations. An E-Town official stated, “As the only national-level economic and technological development zone in the capital, Beijing E-Town has consistently prioritized the development of an open economy, continuously enhancing its international business environment standards. E-Town is a fertile ground for win-win cooperation and a magnet for global innovation resources.”

SMC, a world-renowned developer and manufacturer of pneumatic components and one of the awarded “30-Year Outstanding Enterprises,” was Beijing E-Town’s first wholly foreign-owned enterprise. Since its establishment in the area, it has enjoyed national treatment and has now been rooted in E-Town for 30 years. The diverse and high-tech industrial clusters and the thriving innovation ecosystem have encouraged SMC to expand its presence in Beijing E-Town, building several manufacturing units and recently laying the foundation for its largest overseas R&D innovation center. This marks its transformation from a single manufacturing entity into a comprehensive hub for advanced manufacturing and headquarters innovation.

Recently, Bayer Healthcare Company Limited completed its negative list filing for cross-border data transfer in E-Town, becoming the first company in Beijing to achieve data compliance under the Free Trade Zone’s cross-border data transfer policy.

To date, Beijing E-Town has attracted investments from 103 Fortune 500 companies in 158 projects. Of these, one in every four German and British Fortune 500 companies has established a presence in E-Town. Additionally, 46 foreign R&D centers have been recognized in the area, accounting for nearly one-third of the city’s total.

Awards for 10 International Industrial Parks, Providing an International Environment for Foreign Enterprises

The growth of foreign enterprises is closely tied to BDA’s internationalized industrial spaces. The E-Town official stated, “On the path of open development, international parks serve as key platforms for hosting foreign enterprises and projects, forming the foundation for creating an international environment.”

To strengthen the industrial ecosystem and support open development, 10 entities, including Han’s Plaza, Fengchuang Technology Park, Guorui Plaza, Huilongsen Technology Park, and LianDong U Valley Plaza, were awarded the title of “BDA International Industrial Park” at the promotion conference. E-Town will provide these parks with streamlined administrative approvals, government services, and resource access, as well as support for their international transformation.

High-Value Agreements Signed, Building the “Top Choice for Foreign Investment” Brand

At the event, Beijing E-Town signed global cooperation agreements with six international platforms, including the French Chamber of Commerce in China, the German Chamber of Commerce in China, and the Swiss Chamber of Commerce in China. Additionally, Beijing E-Town formalized a strategic partnership with Hurun Report. Rupert Hoogewerf, chairman and chief researcher of Hurun Report, announced plans to release the “Global Gazelle Enterprises” list in Beijing E-Town and establish related startup bases and fund projects. This initiative aims to promote the regional economy and global innovation ecosystem. Furthermore, 21 enterprises intending to enter the E-Town Comprehensive Bonded Zone also signed agreements, jointly advancing high-level openness.

Behind these partnerships lies the sustained release of benefits from open and innovative policies. Beijing E-Town emphasizes customized services, policies, and institutional frameworks, offering a series of activities such as “Finding Markets for Foreign Enterprises,” “Seeking Partners for Foreign Enterprises,” and “Sourcing Resources for Foreign Enterprises.” The “2+X” foreign investment policy and service package continue to be optimized, ensuring “minimal approvals” and “superior services” to smooth the path for foreign companies deepening their presence in the Chinese market. A representative from E-Town added, “We will continue to support foreign enterprises in their development, helping them choose E-Town for market opportunities, expand in E-Town for innovation dividends, and grow stronger through the advantages of openness. Our goal is to establish E-Town as the ‘Top Choice for Foreign Investment’ brand.”

“Beijing E-Town is at a pivotal stage of growth, full of potential and opportunities. We sincerely welcome entrepreneurs from around the world to invest and develop here. We will remain open and inclusive, provide fertile policy ground, nurture industrial ecosystems, and create a market-oriented, law-based, convenient, and international business environment to fully support enterprise development,” said Kong Lei, Deputy Secretary of the Party Working Committee and Director of the E-Town Administrative Committee. In his invitation at the promotion conference, Kong welcomed global enterprises to join hands with Beijing E-Town to share opportunities and achieve mutual success.

Hashtag: #BeijingE-Town

The issuer is solely responsible for the content of this announcement.

Beijing E-Town’s Themed Exhibition Area Shines at the 2024 Beijing International Fair for Trade in Services

BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – On September 12, the 2024 China International Fair for Trade in Services officially kicked off. The Beijing Economic-Technological Development Area (also known as Beijing E-Town) made a stunning debut in Hall 2 of the Shougang Park with its themed exhibition area. By showcasing cutting-edge innovations like Xiaomi’s SU7, Longwood Valley MedTech’s surgical robot, and the Jielong-3 rocket model, the exhibition serves as a “window” to tell the story of Beijing E-Town’s openness and innovation to visitors from all over the world.

Upon entering the exhibition, visitors are greeted by a naked-eye 3D screen featuring Tiangong robots running forward and Xiaomi’s SU7 speeding ahead, exuding a strong sense of technology and futurism. Outside the exhibition area, New Stone Unmanned Vehicles, widely used in smart scenic areas, parks, commercial streets, universities, and transport hubs, and China’s first certified AI-powered food service robot, which has already been deployed in key commercial buildings in Beijing E-Town, caught the attention of many visitors. People stopped to take photos and examine these technological marvels up close.

As the main hub for high-tech industries in the capital, Beijing E-Town is supported by its “44637” development framework, continuously strengthening four major industries: next-generation information technology, high-end automobiles and new energy vehicles, biotechnology and health, and robotics and intelligent manufacturing. It is also rapidly expanding into six emerging industries, fostering numerous innovative technologies in this fertile ground for industrial development.

At the Beijing E-Town exhibition area, many “E-Town Smart Innovations” serve as ambassadors of the region’s innovation vitality and growth potential, presenting visitors with a series of high-tech business cards. “We hope visitors can experience the vitality of this land, full of dreams and potential, through interactive experiences. We aim to showcase Beijing E-Town as a vibrant, friendly, and livable city that attracts both near and far,” said one of the exhibition staff members.

At the exhibition, Xiaomi’s SU7 has become a popular “check-in spot,” with many visitors lining up for a test ride. Since its official launch in March this year, the Xiaomi SU7 has become a shining star in Beijing E-Town’s automotive supply chain. The Xiaomi Auto Factory, located in Beijing E-Town, has now become a fully functional “smart manufacturing factory” integrating production, research and development, testing, sales, and experience, producing more than 10,000 units per month for three consecutive months.

On another side of the exhibition, the ROPA® AI orthopedic surgery robot was simulating a knee replacement surgery procedure. A staff member from Longwood Valley MedTech explained, “The ROPA® AI orthopedic surgery robot combines ‘smart brain, smart hands, and smart eyes’ to simulate the capabilities of an expert orthopedic surgeon. It can precisely execute individualized surgical plans developed by artificial intelligence before surgery.” Notably, the AIJOINT® 3D surgical simulation software, integrated into ROPA®, is a groundbreaking innovation in the field of orthopedic AI and surgical robotics. With its robust innovation power and leadership in advancing digital orthopedic technology, ROPA® has been awarded an AI-assisted orthopedic treatment Class III medical device registration certificate by the National Medical Products Administration and has also passed certification from the U.S. Food and Drug Administration (FDA). It has been recognized by China’s Ministry of Industry and Information Technology as an “innovation achievement at the international leading level.”

Moreover, multifunctional integrated poles incorporating lighting, traffic indicators, autonomous driving devices, power supply, network, and control functions form the backbone of smart city infrastructure. The Jielong-3 rocket, which set China’s record for the first sea-launched rocket, also made an appearance in model form.

Here, visitors can not only experience cutting-edge technologies and touch the forefront of science but also travel through 30 years of time to deeply understand Beijing E-Town’s “circle of friends.” A “time tunnel” in the exhibition, surrounded by immersive digital images, showcases the development journey of openness and innovation in Beijing E-Town, documenting its long-standing partnerships with enterprises. This includes partnerships spanning 10 years with TPV Technology, JD.com, and Varian Medical Systems; 20 years with Sanofi, Bayer Healthcare, and Yaskawa Shougang Robot; and 30 years with BBAC, GE Healthcare, and SMC.

SMC, the first wholly foreign-owned enterprise in Beijing E-Town, continues to expand its operations and recently laid the foundation for its largest overseas R&D innovation center. GE Healthcare’s Beijing imaging equipment manufacturing base has become the group’s largest medical device production facility worldwide. BBAC has rooted itself in Beijing E-Town, blending “German quality with Chinese manufacturing,” and has reached world-class standards in both manufacturing and operational capabilities.

Zhou Xiaobin, general manager of Qingdao Boruike 3D Manufacturing Co., Ltd., was deeply impressed after visiting the BDA-themed exhibition. “Our company works with partners in Beijing E-Town, and seeing how advanced their surgical robots and commercial aerospace are makes me think about how well it aligns with our 3D printing business. We are now considering setting up a base in E-Town,” he said.

Through this “window,” Beijing E-Town showcases its innovative achievements and development opportunities, conveying its unique charm as a world-class comprehensive industrial city. The door to collaboration is wide open, attracting more high-quality enterprises and projects. As of now, the Beijing Economic-Technological Development Area is home to over 90,000 businesses, including nearly 1,300 foreign-invested enterprises from more than 60 countries and regions. A total of 103 Fortune 500 companies have invested in 158 projects in the area.

Hashtag: #2024ChinaInternationalFairforTradeinServices

The issuer is solely responsible for the content of this announcement.

China’s First Comprehensive Bonded Zone Dedicated to Developing New-Quality Productive Forces Established in Beijing E-Town


BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – On September 13, at the “Beijing Day” and Beijing-Tianjin-Hebei Coordinated Investment Promotion Conference during the 2024 China International Fair for Trade in Services, it was announced that the Beijing E-Town Comprehensive Bonded Zone has been approved by the State Council. With a planned area of 0.61 square kilometer, the zone will focus on advanced manufacturing and the integration of the manufacturing and service industries, becoming the nation’s first comprehensive bonded zone dedicated to fostering new-quality productive forces.

Caption: China’s First Comprehensive Bonded Zone Dedicated to Developing New-Quality Productive Forces Established in Beijing E-Town
Caption: China’s First Comprehensive Bonded Zone Dedicated to Developing New-Quality Productive Forces Established in Beijing E-Town

Kong Lei, Deputy Secretary of the Party Working Committee and Director of the Administrative Committee of the Beijing Economic-Technological Development Area (BDA), explained that the Beijing E-Town Comprehensive Bonded Zone is located in the Zhangziying Industrial Park in the southern part of E-Town New City. The area benefits from convenient transportation and is adjacent to key industry clusters in integrated circuits, autonomous driving, information technology innovation, and commercial aerospace. The zone will feature four major functional areas: bonded processing, logistics distribution, bonded R&D, and inspection and maintenance services. The first phase of land development has been completed, and the design and implementation of surrounding municipal roads and regulatory facilities for the bonded zone are underway, with the first inspection expected by 2025. The initial phase will offer 100,000 square meters of R&D, processing, and storage space, providing flexible facilities like shared laboratories and public warehouses for enterprises of all sizes.

“With the strong support of the Beijing Municipal Government, Beijing Customs, and coordination from various central departments such as the General Administration of Customs, Ministry of Finance, Ministry of Natural Resources, Ministry of Commerce, the National Development and Reform Commission, the State Administration of Foreign Exchange, and the State Taxation Administration, the State Council recently approved the establishment of the Beijing E-Town Comprehensive Bonded Zone,” said Kong Lei. “The zone will focus on advanced manufacturing and the integration of high-end manufacturing and services, with an emphasis on industrial and technological innovation. It aims to be the first comprehensive bonded zone in China dedicated to the cultivation and development of new-quality productive forces.”

The bonded zone will target industries such as precision manufacturing, R&D iteration, and repair and testing under bonded operations, while promoting diversified service trade such as financial leasing, industrial component platforms, and cross-border e-commerce. In terms of industrial function, it will emphasize “advanced manufacturing and open iteration,” building a “4+N” bonded industrial ecosystem. The “4” refers to four key areas: a global distribution center for key components with a focus on new-generation information technology; an R&D and bonded maintenance center for whole vehicles and key components, particularly in the new-energy vehicle sector; a global clinical testing and contract research organization (CRO) service hub for biopharmaceuticals; and an intelligent manufacturing line for high-end equipment, specifically targeting leading foreign-invested enterprises. The “N” represents a series of service trade platforms aimed at supporting cutting-edge industries, such as one-stop industrial supply and large-equipment leasing, setting a national benchmark for comprehensive bonded zone services.

As the country’s first fully integrated high-tech and intelligent-scenario bonded zone, Beijing E-Town Comprehensive Bonded Zone leverages the advantages of next-generation information technology, high-level autonomous driving, and 5G+ industries. It is exploring innovative applications such as smart unmanned warehouse scheduling, AI-assisted supervision, and digital archives for data assets. The zone will become a fully digitalized park throughout its construction and operation phases, promoting the digitization of all elements in production, transactions, logistics, warehousing, and supervision. Moreover, it will explore a regulatory “sandbox” mechanism for industrial development and bonded supervision, setting the benchmark for digital and intelligent innovation in comprehensive bonded zones across China.

During the “Beijing Day” event, the Beijing E-Town Comprehensive Bonded Zone signed on-site agreements with four enterprises, including Tianjin Port Group. The first group of 21 companies has signed agreements to move into the zone.

In recent years, Beijing E-Town has continued to advance reforms and innovations in science, technology, and industry, boosting the vitality of its high-tech industrial ecosystem and furthering its commitment to high-level openness. The establishment of this comprehensive bonded zone marks a significant milestone for Beijing E-Town, making it the only economic zone in China to enjoy the combined benefits of a national economic development zone, national high-tech zone, Zhongguancun National Innovation Demonstration Zone, service sector opening-up demonstration zone, free trade pilot zone, and comprehensive bonded zone.

Hashtag: #2024ChinaInternationalFairforTradeinServices

The issuer is solely responsible for the content of this announcement.

Beijing E-Town Completes the City’s First Negative List Filing for Cross-Border Data Transfers


BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – The 2024 China International Fair for Trade in Services is currently underway in Beijing. On September 13, Beijing Economic-Technological Development Area (Beijing E-Town, or BDA) announced that Bayer Healthcare Company Limited successfully completed the negative list filing for cross-border data transfers in the High-End Industrial Section of Beijing E-Town’s Pilot Free Trade Zone. As of September 11, Bayer has become the first enterprise in the city to achieve compliant cross-border data transfers under the Free Trade Zone’s negative list policy.

Bayer Healthcare Company Limited successfully completed the negative list filing for cross-border data transfers in the High-End Industrial Section of Beijing E-Town’s Pilot Free Trade Zone.
Bayer Healthcare Company Limited successfully completed the negative list filing for cross-border data transfers in the High-End Industrial Section of Beijing E-Town’s Pilot Free Trade Zone.

“We submitted the negative list filing based on our business needs, and it took only five business days from submission to receiving the approval. Compared to the previous compliance requirements before the negative list policy was introduced, the new process has significantly simplified the application and review procedures,” said a representative from Bayer Healthcare Company Limited, praising the convenience that the negative list policy has brought to the company. “Completing the negative list filing for cross-border data transfers has streamlined the necessary procedures, solving the compliance challenges we faced and ensuring the smooth operation of our business. This allows us to bring innovative medicines and treatment solutions to patients in China more quickly, contributing to national strategies such as Healthy China and high-quality development.”

An official from the BDA explained that after the release of the Measures for the Facilitation of Cross-Border Data Flows in Beijing, Beijing E-Town was the first to issue a document for implementing the city’s negative list policy for cross-border data transfers. This document, titled Implementation Opinions on the Negative List for Cross-Border Data Transfers in the E-Town Section of the China (Beijing) Pilot Free Trade Zone’s High-End Industrial Zone, supports enterprises in the Free Trade Zone by enabling them to carry out cross-border data transfers under the negative list. It also reinforces the responsibility of data processors as the primary entities responsible for cross-border data transfers and establishes a closed-loop supervision mechanism, which includes periodic reporting, spot checks, and inspections. The initiative is designed to achieve four key outcomes: a comprehensive cross-border data transfer negative list, data management measures, a data services system, and exemplary case studies aligned with Beijing E-Town’s industrial development needs.

Furthermore, the Beijing Cross-Border Data Services Center (BDA Service Station) recently began operations at the Xinchuang Park in E-Town. As one of the first four data service centers in Beijing, this service station provides enterprises with one-stop services, including policy consultation, application submission, filing evaluation, supervision, and technical support for the negative list on cross-border data transfers.

The BDA official added, “Moving forward, we will leverage the service station to conduct research on the enterprises’ needs related to the negative list, helping more companies complete their filings. Additionally, we will enhance supervision, risk prevention, and other related work to regulate and promote the orderly flow of cross-border data in practice. This will further improve the management capabilities and convenience of cross-border data transfers for E-Town-based enterprises.”

Hashtag: #2024ChinaInternationalFairforTradeinServices

The issuer is solely responsible for the content of this announcement.