News & Events in Belarus

Great Stone named world’s fastest-growing industrial park

MINSK, 15 November (BelTA) - The World Free and Special Economic Zones Federation (FEMOZA) named Great Stone Industrial Park the world’s fastest-growing special economic zone, First Deputy Director General of Industrial Park Development Company Kirill Koroteyev told BelTA.

“The Great Stone Industrial Park received FEMOZA Awards 2019 in the Fastest Growing Industrial Park nomination. The awards ceremony took place during the World Free and Special Economic Zones Summit in Monaco on 14 November,” said Kirill Koroteyev.

According to FEMOZA President Juan Torrents, the key to determining the winner was the prospects of the Great Stone Park for global investment and the rapid pace of its development.

FEMOZA’s main objectives are to support and promote free economic zones around the world, to assist residents in entering the international market and attracting foreign investment. FEMOZA Awards are presented annually to the best industrial parks and free economic zones.

The main theme of this year's summit was to strengthen cooperation and transform successful experiences into working tools. The event was organized by the World Free and Special Economic Zones Federation with the assistance of UNCTAD, UNIDO, and others. Great Stone was a strategic project of the summit. Its potential was displayed at thematic panel discussions and B2B meetings.

According to Kirill Koroteyev, the park took an active part in numerous sessions and seminars held during the three-day summit program, during which participants discussed the experience of special economic zones, FEZ activity in modern conditions, including new directions of activity within the special economic zone regimes, internal models of SEZ management, competitive standards for the environment, quality control and management, digitalization of industrial parks in line with the Belt and Road Initiative.

Attending the event were more than 400 representatives of special economic zones of the UK, Switzerland, Belgium, the Netherlands, Finland, Latvia, Poland, Italy, Spain, Greece, Turkey, and also countries of Asia and Africa, chambers of commerce, government bodies, potential foreign investors and experts.

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