Binzhou city will sign more than 40 projects during the fourth Qingdao Multinationals Summit, with a planned investment of over 50 billion yuan ($6.85 billion), according to local authorities at a news conference on the summit.

Three signing sessions will be held during the summit, among which Binzhou will have multiple projects to be signed.

This time, over 40% of the projects to be signed from Binzhou have a planned total investment exceeding 1 billion yuan, including 9 projects utilizing foreign investment from Austria, Germany, South Korea, and other countries, accounting for 23% of all projects.

Binzhou is committed to building the fourth Qingdao Multinationals Summit into an important platform for investment promotion and talent introduction, attracting more projects and talents to settle down.