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4 Jul 2019

Eleven companies registered with China-Belarus Great Stone park at Belt and Road Forum

Eleven companies registered with China-Belarus Great Stone park at Belt and Road Forum

SMOLEVICHI DISTRICT, 2 July (BelTA) – Eleven companies get registered with the China-Belarus Industrial Park Great Stone all at once during the Belt and Road Forum for Regional Cooperation and Development on 2 July, BelTA has learned.

Thus, the total number of resident companies reached 55.

According to Aleksandr Yaroshenko, head of the administration of the industrial park, the geography of representation is also expanding. “We used to have resident companies from eight countries, while now we are expanding our geography, including by means of resident companies from Europe. Today Switzerland has joined our park with two projects. Estonia is running a joint project with Belarusians and Lithuanians,” Aleksandr Yaroshenko said. In his words, the guiding principle of the park “Investors from all countries are welcome” is being translated into reality.

According to Aleksandr Yaroshenko’s estimates, the number of resident companies will reach 85 at the bare minimum in the coming years. At least 30 companies will launch their products by the end of 2020. There are plans to commission 10 production facilities this year.

The agreements signed during the forum will contribute to the overall growth of the park. “These are some fundamental agreements on digital transformation of the Silk Road,” the administration head informed. Among them is the joint investment agreement signed as part of the Iskra (Sparkle) program run by the center for research and innovation at the China-Belarus Industrial Park Great Stone, as well as a memorandum of concerted effort to build the Great Stone International Terminal, a memorandum of understanding in the financial sector and a confidentiality arrangement between Gansu Provincial Highway Aviation Tourism Investment Group Co Ltd and Belinvestbank.

The Belt and Road Forum for Regional Cooperation and Development is taking place at the China-Belarus Industrial Park Great Stone on 2 July. The main theme of the forum is “Open park Great Stone - an example of global opportunities”. The event has brought together government representatives, leaders of business associations, investment funds, banks and major companies from European and Asian countries. The organizers of the forum are the Economy Ministry of Belarus and the Ministry of Commerce of the People's Republic of China. Co-organizers are the Belarusian Chamber of Commerce and Industry, the Council for the Promotion of International Trade at the Ministry of Commerce of China, the Great Stone Industrial Park Administration, the National Agency for Investment and Privatization, Industrial Park Development Company.

The Chinese-Belarusian Industrial Park Great Stone is an international platform for high-technology production in the leading fields of activity. The park offers unprecedented preferences to resident companies.

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