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06 December 2021, 18:54

China-Belarus industrial park Great Stone eager to attract major investors

MINSK, 6 December (BelTA) – The China-Belarus industrial park Great Stone will attract at least five companies with the volume of investments in excess of over $50 million by 2025. Head of the Great Stone Park Administration Aleksandr Yaroshenko made the statement as he commented on Directive No.9 on advancing Belarus-China relations, BelTA has learned.

The official said: “Directive No.9 actively promotes the development of our joint project – the China-Belarus industrial park Great Stone. To ensure the effective operation of our resident companies, it continues focusing on bringing innovative projects, startups in tight business cooperation, including with Belarusian companies, to the park. We are expanding spheres of economic activities in line with Belarus president decree No.215. In particular, the expansion will include 5G technologies and artificial intelligence. Apart from that, attracting anchor projects will be prioritized. I am talking about investors that bring companies with the volume of investments in excess of $50 million. We have to attract at least five such companies to the Great Stone park by 2025.”

The document also specifies that at least 170 companies are supposed to reside in the China-Belarus industrial park Great Stone by 2025.

BelTA reported earlier that Directive No.9 is designed to further advance Belarus' strategic partnership with China across a broad spectrum of avenues in 2021-2025 and represents a logical continuation of a similar directive for the 2015-2021 period.

Priority tasks in the near future include the reinforcement of cooperation in politics, preservation and augmentation of values of friendship and mutual support, the enhancement of trade, economic, financial, and investment interaction, and the realization of the Belt and Road initiative. Important tasks also include the expansion of interregional ties, the advancement of military cooperation and military technical cooperation, cooperation in digital economy and information and communication technologies, the enhancement of R&D cooperation, the advancement of relations in humanitarian affairs.

For the sake of fulfilling these tasks Belarusian government agencies and other economic entities involved in cooperation with China are instructed to realize about 50 concrete practical measures.

The effective fulfillment of the tasks will contribute to advancing Belarus-China relations to a brand new level.

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