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26 May 2023, 18:00

Declared investments in China-Belarus industrial park Great Stone estimated at over $1.3bn

MINSK, 26 May (BelTA) – Investments declared by companies residing in the China-Belarus industrial park Great Stone are estimated at over $1.3 billion. Head of the Great Stone Park Administration Aleksandr Yaroshenko mentioned it as he opened a Belarusian-Chinese forum on innovation-driven development of smart manufacturing, BelTA has learned.

Aleksandr Yaroshenko said that the Great Stone park was established in Belarus as a site, which will allow implementing many cutting-edge ideas and many of the ideas have already been realized. “It is of strategic importance to establish interaction that will produce high results in the future. It will become another step in the development of Belarus-China mutually beneficial cooperation,” he believes.

At present the China-Belarus industrial park Great Stone is home to over 100 resident companies from 15 countries. The volume of actual investments in the park has already exceeded $830 million while the volume of declared investments stands at $1.34 billion. Aleksandr Yaroshenko said: “Machine building is a priority sphere. Suffice it to say that a cluster of enterprises operating in this field is the park's largest one and includes over 20 projects. Belarusian-Chinese joint ventures that make internal combustion engines, gearboxes for passenger and freight vehicles operate in the China-Belarus industrial park Great Stone. One of the Chinese resident companies makes construction vehicles based on MAZ chassis. A Belarusian resident company makes glass for all kinds of ground vehicles. These products are in demand on the Belarusian market and enjoy a strong demand in countries of the Eurasian Economic Union. No doubt, the industrial park is open to new projects in this sphere.”

The China-Belarus industrial park Great Stone prioritizes high-tech and competitive manufacturing – companies involved in research and development. At present the park is home to over 25 companies working in the R&D field. A cutting-edge system is evolving. The development of innovative enterprises is stimulated. The development of smart manufacturing is a very topical idea now because it will allow improving effectiveness, controlling the quality of products, and managing all the business processes. “The industrial park is intent on enabling a smart environment for all spheres. It is very important for our residents. I hope that Belarus and China will establish fruitful cooperation,” Aleksandr Yaroshenko concluded.

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