At the signing ceremony of the "Belt and a Road" Yinchuan Development Summit Forum in 2016, the Yinchuan Free Trade Zone Management Committee formally signed the contract of "Silk Road International Cooperation Park Project" with China Machinery Engineering Co., Ltd. (CMEC), one of China's top 500 enterprises. The successful signing of this project marks that the cooperation between the two parties has entered a substantive stage and has taken a solid step towards building "Silk Road International Cooperation Park" for Yinchuan Comprehensive Bonded Zone and actively integrating into the "Belt and Road Initiative." The first phase of Silk Road International Cooperation Park covers an area of 275.1 mu. The initial phase of the project covers an area of 35.25 mu and the initial investment is 80 million yuan. It mainly builds multi-functional storage areas for cross-border e-commerce, bonded processing areas, specialized libraries, Libraries, etc., to carry out bonded processing, international logistics, international trade, cross-border electricity business.
China Machinery Engineering Corporation (CMEC) successfully listed in Hong Kong on December 21, 2012. The contracted international engineering business and general international trade have covered more than 150 countries and regions in five continents. The scope of the project contracting business involves Electricity and energy, transportation and telecommunications, housing construction, plant construction, environmental protection, mining and resource exploration.