Oriental Space Port is the only home port for launching launch vehicles at sea in China. Relying on Yantai's superior geographical location and port conditions, the project will give full play to the unique advantages of industrial manufacturing bases such as aerospace and ocean engineering, and build a home port for aerospace launch, as well as a rocket R&D and manufacturing center, a satellite load R&D and manufacturing center, an offshore launch platform R&D and a satellite data application development center, radiating and driving related industries such as intelligent manufacturing equipment, logistics equipment, energy equipment, new aerospace materials and aerospace tourism. In the future, a 10 billion-level commercial aerospace high-tech industrial cluster will rise in an all-round way, and China will realize the normal launch at sea.
Oriental Space Port is a major project with the goal of building a commercial aerospace high-tech industrial cluster with the whole industrial chain integrating R&D, manufacturing, launch, application, supporting and tourism. It has planned "one port and three zones", namely, a marine launch technology service port, an aerospace industry manufacturing park, an aerospace industry supporting park and an aerospace application sightseeing park.