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The Beijing Tianzhu Airport Industrial Zone has absorbed nearly two billion US dollars in investment over the past decade, administrative sources of the zone announced recently.

Li Yousheng, director of the zone's management committee, said 284 Chinese and foreign enterprises had entered the zone by the end of 2002.

Sixty multinationals, including 20 of the world's top 500 multinational corporations, are among the enterprises which have set up branches in the zone.

One kilometer west of the Capital Airport, the 7.8-square-kilometer industrial zone has developed into a high-tech industrial zone of the electronic and telecommunications industries, and boasting storage and bonded warehousing, and export-oriented businesses.

The zone registered 16.4 billion yuan (1.98 billion US dollars)in sales in 2002, a year-on-year increase of 8.3 percent. Exports from the zone were valued at 683 million US dollars, a rise of 36.38 percent.

The zone's gross domestic product was 2.35 billion yuan (284 million US dollars) for 2002, 15.8 percent more than the previous year.

The zone expects to become a top-class industrial area run in accordance with international norms and serve Beijing's reform and opening up drive, Li said.