A new airport city hub and a cruise terminal in China's coastal province of Shandong will offer more opportunities for Singapore firms to expand in the mainland, said Minister of State for Trade and Industry Teo Ser Luck.

He was speaking as co-chair of the 17th Singapore-Shandong Business Council (SSBC) meeting alongside Shandong Vice Governor Xia Geng on Wednesday.

Singapore firms can benefit from future collaborations in planning, design and commercial operations for the upcoming airport city hub, Mr Teo said.

A total of 17 memorandum of understandings (MOUs) were also signed at the event between the government and private sector entities from Singapore and Shandong.

These include MOUs signed by trade associations such as the Singapore Manufacturing Federation (SMF).