Mayor Lim Byeongtaek:
"We Will Spare No Effort to Support the Development of the Bio Cluster"
Siheung City in Gyeonggi Province has launched efforts to attract foreign investment for a 48,000-square-meter research site within the Baegot District.
On August 1, Siheung City announced that it had opened a tender on July 31 for foreign-invested companies to purchase a research site within the Baegot District of the Gyeonggi Free Economic Zone. The site offered in the tender is Block 1-1 of the Baegot District, covering 47,820 square meters.
The city explained that it decided to attract foreign investment to this site in order to strengthen the global competitiveness of the Baegot District, which has been designated as a national advanced strategic industry bio-specialized complex.
The eligibility requirement is that applicants must be foreign-invested companies as defined by the Special Act on Designation and Operation of Free Economic Zones, and only single-entity applications are permitted.
The city will accept letters of intent for the project until August 12, and will receive formal project applications on September 29. Subsequently, a preferred negotiation partner will be selected in October, and a land sales contract will be signed in December.
For more details about the tender, please refer to the notices and announcements section on the Siheung City Hall website.
Siheung Mayor Lim Byeongtaek stated, "This tender is an important opportunity to find companies that will lead the bio industry, which is a future growth engine," and added, "We will provide full administrative support to realize the goal of becoming the world's number one bio cluster together with foreign-invested companies."
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