Business news

China-Belarus industrial park to cooperate with development corporation from Russia’s Mordovia

An archive photo

MINSK, 9 June (BelTA) – The China-Belarus industrial park Great Stone will cooperate with Mordovia Development Corporation, the park’s press service told BelTA.

A delegation of Russia’s Republic of Mordovia visited the China-Belarus industrial park Great Stone. The park management presented the park’s history and development in the innovative center and explained terms of investment activities and infrastructure construction in the park. Representatives of the delegation were made familiar with the manufacturing process as they visited the FAST-MAZ plant, which makes gearboxes.

During the visit the park administration and Mordovia Development Corporation signed a memorandum of cooperation. The document is aimed at promoting business ties between the park and this organization.

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.

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