On February 15th, Shandong Port Group held a ceremony in Qingdao to mark the completion and commissioning of projects as well as the commencement of new projects for the construction of a world-class marine port cluster by 2025. During this event, Shandong Port announced a total of 29 key projects in Qingdao, including those completed and operational in 2024, currently under construction, and planned to commence in 2025, with a total investment of RMB 93.4 billion.
Taking this as an opportunity, Shandong Port will further accelerate the construction of a world-class marine port cluster, facilitate international logistics corridors, and establish itself as a leading enterprise in the supply chain. By taking the lead and shouldering significant responsibilities, it will support Qingdao in spearheading and pioneering the development of a modern, strong province. This effort will contribute even greater strength to the realization of the Shandong chapter of Chinese-style modernization.
Since its establishment, Shandong Port has been driven by projects, continuously promoting the deep integration of ports, industries, and cities, and fully integrating into and serving the economic and social development of Qingdao. It has consistently enhanced the port’s hub capacity, with Qingdao Port’s cargo throughput exceeding 700 million tons and container volume surpassing 30 million TEUs, ranking fourth and fifth globally, respectively.
Shandong Port has established 11 sector groups in Qingdao, including investment control, trade, and Shandong Ocean, along with 62 newly registered enterprises, with a combined registered capital of RMB 21.9 billion. It has created over 4,200 new jobs and contributed a cumulative total of RMB 17.88 billion in taxes. By consistently launching and commissioning port-industry-city integration projects, it has accumulated investments of RMB 96.1 billion, continuously amplifying its driving effect. This has provided robust support and injected strong momentum into Qingdao’s economic development.
In 2024, 11 key projects were completed and put into operation in Qingdao, including 1 specialized terminal cluster project, 4 port production facilities projects, 2 comprehensive collection and transportation system projects and 4 supporting projects, with a total investment of RMB 10.182 billion.
In 2025, Shandong Port will continue construction on three key projects in Qingdao, including the Wanbang Ore Terminal Project in the Dongjiakou Port Area, the D2 Berth Supporting Yard Renovation Project in the Dongjiakou Port Area, and the Shandong Port Shipping Financial Center Project, with a total investment of RMB 6.22 billion. Additionally, it plans to commence 15 new key projects, including four specialized terminal cluster projects with a total investment of RMB 77 billion.