ZTE Co and the Nantong Economic and Technological Development Area (NETDA) of Jiangsu province signed a cooperation agreement on the construction of an intelligence industrial park in the area on Nov 12.

Based on smart city construction, the project will create a string of sites featuring industrial clusters, smart applications, data processing, backstage services, and 4G network research and development. With a total investment of 3.5 billion yuan ($571 million), the park will become a leading base and operation headquarters of the company in East China.

ZTE Corporation is the largest listed telecommunication equipment company in the country and one of the 520 key enterprises supported by the government. As a global provider of telecommunication equipment and network solutions, the company boasts rich experiences in digitalization and smart city construction.