Malaysia Datong Industrial Group Invested 1 Billion Dollars in Ningxia Wine Industry

Malaysia Datong Industrial Group and the Ningxia Farm Group reached a strategic cooperation agreement in Yinchuan, the former invested 1 billion dollars to build a modern agro-ecological project.

Ningxia Farm Group is the largest modern agricultural enterprise in Ningxia, with grape, milk and eco-tourism.developing fast.

After preliminary consultations, Malaysia Datong Industrial Group would invest about 10 billion U.S. dollars, and the Ningxia Farm Group to build 300,000 mu wine grape base as well as a eco-tourism project. Datong In coming two years, Industrial Group will invest 100 million dollars to set up 5 sub-projects including a 100,000 tons wine-processing unit, 20000 mu wine base, ect.