A large sum of investment abroad by two corporations in Qingdao was recently approved by the Qingdao Commerce Bureau.

The project of oil and gas exploration, production and sales, launched by Qingdao Guorong Group, will start construction in Canada with an investment of US$ 58 million.

The other project of agriculture, forestry, tourism and real estate development, launched by Zhongqi Holding Group, will start construction in Cambodia with an investment of US$ 90 million.