XI'AN - An aviation project worth about 5.3 billion yuan ($768 million) will be built in Xi'an, capital of northwest China's Shaanxi province, a local company confirmed Tuesday.

The project invested by Shaanxi Aviation Industry Development Group Co, Ltd (SAIDC) will be located in the Xi'an National Civil Aerospace Industrial Base.

Under the agreement signed by SAIDC and the base on Friday, the project will involve the construction of an assembly line of Bell 407GXP helicopters, centers for helicopter training, emergency response and rescue, as well as the research and development related to drones.

Wang Yongan, chairman of SAIDC, told Xinhua that SAIDC would work with the U.S. aircraft producer Bell Helicopter in developing the assembly line.