MINSK, 17 November (BelTA) - Residents of Minsk Free Economic Zone (FEZ Minsk) export 80% of their products, head of FEZ Minsk Anatoly Kalinin told STV, BelTA has learned.
“Minsk Free Economic Zone is the largest entity among the FEZs in all regions. 80% of its products are supplied for export, which demonstrates the fulfillment of the task set by the head of state: creating attractive conditions for future residents who establish high-tech production, export their goods, ensure import substitution in the domestic market, and thereby create high added value,” said Anatoly Kalinin.
According to him, over 30,000 jobs have been created since the FEZ began its operations. This year, four large residents have already been admitted, and three more are planned to be admitted by the end of the year, with a total investment of over $240 million. In previous years, foreign capital was primarily attracted from China, Türkiye, Germany, the UK, and other countries. In the current five-year period, large Belarusian and Russian investors are entering the market.
“I am confident that in a short period of time, our appeal will increase because we are creating good conditions for future residents and building infrastructure. An agreement has been reached with the Minsk Oblast Executive Committee to develop an industrial site on 17 hectares in the Privolny village. We will now develop a master plan for the territory's development, building not only an industrial zone but also housing there,” Anatoly Kalinin added.
He emphasized that a similar approach was used to create a site near Fanipol, spanning over 200 hectares. In the area adjacent to Fanipol, there are already 17 operating industrial production facilities. Two streets with a total length of over 2 km and an electrical substation have been built at the new site to attract residents and create the necessary conditions. The territory is now ready to welcome new residents.
“Assessing the efficiency of the state funds invested, for every Br1 of budget funds invested, the return from residents is more than Br5. When we build infrastructure, for every Br1 invested, the return is over Br14,” the head of FEZ Minsk said.
Furthermore, there is an initiative to create an industrial site in Minsk. “An agreement is in place for an entire plant with industrial buildings to be transferred to our operational management, so that we can create opportunities there for new industrial residents and startups,” Anatoly Kalinin said.
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