The coastal city of Zhanjiang in South China's Guangdong province has secured a new investment of 19.77 billion yuan ($3 billion) from 83 projects signed with a number of investors on Feb 29.

Of the 83 projects, 52 are related to the industrial sector with an investment of 12.6 billion yuan, accounting for more than a half of the total.

Other investments went toward business, tourism, agriculture, transportation and productive services, with all projects exceeding 50 million yuan. While the number of projects worth more than 100 million yuan reaches 52, accounting for 62.7 percent.

Investments from outside of Zhanjiang also amassed 10.43 billion yuan, contributed by 34 enterprises.

Innovation-driven technologies featured in the new investments. Xiashan district in the city aims to become an international first-class cell culture base. It will provide a platform for the application of cells into industry, as it signed a serum-free cell culture project with the Guangdong Procell Biotechnology Co.

According to one of the investment projects, a marine industrial technology incubation center is expected to be constructed in the city's Mazhang district to provide services for policy guidance, R&D, quality control, intellectual property rights and results transfer.

As part of the city government's work on bringing in investment, the signing ceremony has been organized for six consecutive years.

The event has taken the city's investment attraction to a new level as it promotes a high-standard investment environment, project quality, efficiency, development ideas, working styles and methods for local industrial parks and enterprises.