Chinese education authorities have given the nod to a joint campus in south China's Guangdong Province.

The Guangdong Technion Israel Institute of Technology (Technion Guangdong), located in Shantou City, will draw investment of 4 billion yuan (582 million U.S. dollars) from the provincial and city governments, according to the Guangdong provincial department of education.

The institute, jointly established by Shantou University and Israel Institute of Technology, or Technion, will enroll 2,960 students between 2017 and 2026 to major in chemical engineering and technology, biological technology, and material science and engineering, according to the Ministry of Education.

The establishment of Technion Guangdong is the result of a cooperative agreement signed on Sept. 29, 2013 between Technion and Shantou University, according to Technion's official website.

"The Guangdong Technion Israel Institute of Technology will help to further the advancement of education, research and innovation in engineering," the website cited Peretz Lavie, president of Technion, as saying.

China currently has nine joint campuses, with four located in Guangdong.

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