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China-Belarus industrial park reports $1bn in contracted investments

Economy 16.01.2018 | 16:31
An archive photo
An archive photo

MINSK, 16 January (BelTA-Xinhua) – Contracts have been signed to invest $1 billion in the China-Belarus industrial park Great Stone, BelTA learned from Xinhua's exclusive interview with Industrial Park Development Company CEO Hu Zheng.

In his words, raising investments is the key aspect of development of the China-Belarus industrial park Great Stone. Since the beginning of the year 2017 the industrial park has attracted 17 new companies, with the number of residents up to 25. “One can say that the industrial park has secured a breakthrough in raising investments by reaching the first milestones and laying a solid foundation for long-term development,” said Hu Zheng.

In 2018 infrastructure construction will be finished and a land plot occupying 5.64km2 will be prepared for sale or rent to the park residents in the first deployment stage territory as large as 8.5km2. A 5.04km2 land plot intended for industrial purposes is part of that territory. Apart from that, Industrial Park Development Company intends to step up the scale and intensity of construction of standard buildings for the sake of satisfying the demand of investors. The company intends to build a public bonded industrial zone and a bonded logistics zone for servicing the export-oriented economy of Belarus. The company will also use China's technical economic aid for building a personnel training center and public amenities such as an R&D center and residential buildings for the park personnel. The company intends to improve the quality of public transportation by buying automobiles powered by new energy sources and unmanned buses, said Hu Zheng.

Industrial Park Development Company hopes that the number of resident companies in the China-Belarus industrial park Great Stone will reach at least 35 in 2018 and 60-70 by 2020.

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