The major construction projects have become a key component in implementing Guangdong's industrial transformation, according to provincial officials.
In the first half of 2014, major project investments reached 230 billion RMB, which accounts for half of Guangdong's annual investment plan.
Besides iron and steel industry, Guangdong invested in transportation, energy, water conservation facilities and the service industry. Operating income in the service industry reached nearly 569 billion RMB in the first half of 2014, marking an eight percent increase from last year.
Projects such as the Zhanjiang Iron and Steel Base also promote the development of the circular economy and boost the growth of supporting industries.
"Many supporting manufacturers want to establish their factories around us. Everyone wants to get a slice of cake," said a spokesman from the Zhanjiang Iron and Steel Base.