Beijing (ZXZC)- On May 18, a significant signing ceremony took place in Sanya, marking the formal launch of the "Dual Park, Dual Headquarters" initiative between Hainan Free Trade Port's Sanya Central Business District and Geely Automotive High-Technology Valley. This event signifies a new phase in the collaboration between the two entities.

Signing ceremony; photo credit: Geely

During the ceremony, the Sanya Central Business District Administration and Geely International Holdings (Malaysia) SDN. BHD. (GIHM) signed a strategic cooperation agreement. This partnership aims to leverage their respective strengths to develop the "Dual Park, Dual Headquarters" project.

Centered around the Automotive Hi-Tech Valley (AHTV) in Tanjung Malim, Malaysia, the initiative will support the establishment of upstream and downstream supply chain enterprises within the park through funding and specialized policy services. This will enhance Sanya's headquarters economy, modern commerce, financial services, and contribute to the high-quality development of the Hainan Free Trade Port.

Geely's deep ties with Hainan province include initiatives in talent education, smart mobility, and new energy vehicles, significantly contributing to the region's economic and social development. Hainan's push towards high-level openness and development has created valuable opportunities for enterprises like Geely.

As one of the early enterprises aiming at the Southeast Asian market, Geely's presence in the Sanya Central Business District is a major milestone. This year, as China and Malaysia celebrate 50 years of diplomatic relations, the partnership aims to establish AHTV as a model for Sino-Malaysian economic cooperation, supporting China's Belt and Road Initiative and the dual circulation development pattern, marking a significant tribute to the 50th anniversary of diplomatic ties.