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09 November 2022, 19:23

Number of companies in China-Belarus industrial park Great Stone to exceed 170 by 2025

MINSK, 9 November (BelTA) – By 2025 the number of companies residing in the China-Belarus industrial park Great Stone will be at least 170 while the number of their employees will be close to 5,000 people. First Deputy Head of the Great Stone Park Administration Piotr Yakimov mentioned it in an episode of the project After the Fact: Lukashenko's Decisions on BelTA's YouTube channel.

In his words, six high-tech companies from China and Belarus became new residents of the park in early November 2022. They will make agricultural machines, innovative printed products, will pursue business opportunities in the area of bioengineering technologies and Big Data storage. “One of the residents is a major Belarusian logistics operator. It intends to build a large multimodal terminal,” Piotr Yakimov said.

The official stressed that the number of park resident companies constantly rises and has already reached 99. “We expect to go beyond 100 residents by the end of the year. The declared volume of investments is $1.3 billion now. The sum includes investment projects and the development of the park's infrastructure,” he remarked.

Piotr Yakimov went on saying: “By 2025 we expect the number of our resident companies to be at least 170 while the total number of people working in the park will be about 5,000. We would like and we will develop infrastructure projects to accommodate these grandiose plans. We will develop not only industrial infrastructure but also social infrastructure so that in the future the park could become a genuine satellite town of Minsk and of course an industrial cluster.”

The China-Belarus Industrial Park Great Stone is a special economic zone with a special legal regime. It is located 25km away from Minsk. The park's priority development areas include mechanical engineering, electronics and telecommunications, biotechnologies, pharmaceutics, new materials, logistics, digital commerce, big data storage and processing.

Head of the Great Stone Park Administration Aleksandr Yaroshenko presented registration certificates to new residents on 3 November. He stated: “2022 marked 10 years since the head of state signed the first decree on the industrial park. A lot has been accomplished in this period: companies from 15 countries successfully operate in the park and high-demand products are made here. The Great Stone park offers the best conditions for business and for pursuing a career. These are good results but a lot has yet to be accomplished in the future.”

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