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01 July 2022, 10:36

Almost $800m invested in Great Stone since project launch

MINSK, 1 July (BelTA) - Almost $800 million has been invested in the Great Stone from all sources since the start of the project, Head of the Great Stone Park Administration Aleksandr Yaroshenko said in an interview to the Economy of Belarus magazine, BelTA has learned.

“Today there are 90 residents from 15 countries registered in the Great Stone. The volume of the announced investments exceeds $1.24 billion. Since the start of the project almost $800 million has been invested in the park,” said Aleksandr Yaroshenko.

According to him, five new companies have become residents of the park this year. Three of them are China-funded enterprises that plan to implement investment projects to develop an integrated e-commerce platform and a digital promotion center for the Belarusian goods in China's electronic trading platforms. Another company from China will develop digital technologies in logistics.

Belarusian residents' projects are related to the production of innovative equipment and components for modular construction of smart houses, as well as multifunctional noise-insulated cabins Aerocapsule with an automated control system.

“The innovations of the President's Decree No. 215 gave us the opportunity to attract startups to the park, which receive the status of subjects of innovative activity. There are a total of four such projects now. In March 2022 we registered the fourth subject of innovative activity - Oxygen Technologies. This is a Belarusian company, which plans to develop diagnostic systems of chest organs pathology based on artificial intelligence technology,” the head of the park administration said.

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