News & Events in Belarus

MINSK, 7 June (BelTA) – Chinese investors are ready to invest $1 billion in the modernization and construction of agricultural companies in Belarus, President of Xinrongji Holding Group Nian Yunan said ahead of the talks with Belarus’ Agriculture and Food Minister Leonid Zayats on 7 June, BelTA has learned.

“The main areas of activity of our two companies are the investment in the agricultural sector (meat and dairy production), financial investment, and tourism. As for the investment in agriculture, we do not rule out the possibility of modernizing agricultural companies in Belarus. We would like to bring something new to these companies, make them more modern, meeting the requirements of the Chinese market. We may also consider setting up new companies,” he explained.

The head of Xinrongji Holding Group stressed that Belarus plays an important part in the Belt and Road initiative. The country is home to the Chinese-Belarusian Great Stone Park that envisages significant preferences to investors. “We would like to earn money together with our Belarusian partners and make a contribution to the development of the two countries,” he said.

President of DRex Food Group Dai Shiwei stated that the talks with the Belarusian Agriculture and Food Ministry had already been held in China and the decision had been taken on the volume of investments. “It will make up nearly $1 billion. Today we are going to discuss the terms and areas for the funds to be invested,” he underlined.

Dai Shiwei stressed that this is his third visit to Belarus. “Every time we come here, we see how the country is changing and our interest in Belarus is increasing. We see the improving atmosphere of cooperation between our countries. The major area of our activity is to invest in the dairy production. We would like to invest in Belarus and set up a big company here,” he said.

The president of DRex Food Group added that he plans a multi-step approach to his company's activity in Belarus. “Usually the first stage includes the establishment of trading relations. The second one is the investing in the companies we are working with, installation of the latest equipment and expansion of the production with value added goods. We plan to sell products to third countries,” he noted.

The Chinese companies were offered to invest in the development of agricultural companies in Orsha District. They are expected to visit the region in the coming days. The parties plan to sign a cooperation roadmap.

As BelTA earlier reported, the Belarusian Agriculture and Food Ministry signed a memorandum of understanding with China’s corporation DRex Food Group in Beijing in May on $1 billion worth of FDI in the agricultural sector of Belarus. The corporation plans to invest in the development of the dairy sector of Belarus, in particular in the construction of dairy farms and modernization of processing companies.