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09 December 2021, 19:57

Most interesting Belarusian investment projects named

MINSK, 9 December (BelTA) – The National Agency of Investment and Privatization (NAIP) has named 26 Belarusian investment projects, which can be most appealing for foreign companies, BelTA has learned.

NAIP specialists analyzed over 1,000 investment projects from the agency's database (map.investinbelarus.by) to select the 26 most promising ones.

The projects cover various branches of the economy: woodworking (the establishment of a sawmill), tourism (the opening of an ecological tourism park), agriculture and food industry (crop protection using drones, construction of a lupine processing plant, production of horse milk powder), manufacturing industry (construction of an enterprise to make pipes for the oil and gas industry), and other areas.

These projects can be found all over the country: Brest Oblast (Kobrin, section of an international motorway), Vitebsk Oblast (Orsha, Novopolotsk), Gomel Oblast (Gomel, Zhlobin, Zhitkovichi), Grodno Oblast (FEZ Grodnoinvest, Grodno), Minsk Oblast (Borisov, Logoisk, Smolevichi), and Mogilev Oblast (Bobruisk, Mogilev, Khotimsk).

NAIP Deputy Director Aleksei Pushkarev stressed that the idea behind the brief list of investment projects is to show investors options for business development in Belarus and give them food for thought. Investors are always interested in balancing profits and risks, this is why NAIP put together the most balanced projects.

The projects were presented at a Belarusian investment forum in Dubai, UAE. The forum was held on 22 November as part of Belarus' National Day at Expo 2020. The National Agency of Investment and Privatization made a booklet Investment Projects for Implementation in the Republic of Belarus specifically for the forum. The booklet offers brief information about the shortlisted projects in English.

Aleksei Pushkarev noted that investors from Persian Gulf countries mainly contact NAIP to discuss agriculture, logistics, and real estate. “We try not to limit our proposals to these areas. We tell them about other projects, success stories, and preferential regimes. Prior to and during the Belarusian investment forum we communicated a lot with regional investment funds, consultants, businessmen, who have already invested in Belarus. We spoke about their goals and motivation, about the factors that determined their decisions. We discussed the actual dynamics of Belarus' investment climate. NAIP constantly adjusts its package of proposed projects and approaches to promoting investments in Belarus,” he stated.

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