Great Stone resident companies pledge $1-1.1bn in investment

Monday, 22 October 2018 14:02  |  Written by  BelTA

Kirill Koroteyev, First Deputy Director General of Industrial Park Development Company, has told the STV TV Channel

The amount of investment pledged by resident companies of the Chinese-Belarusian Industrial Park Great Stone is estimated at $1-1.1 billion, Kirill Koroteyev, First Deputy Director General of Industrial Park Development Company, has told the STV TV Channel, BelTA has learned.

At present the industrial park has 38 resident companies. “As of today, in line with business plans and feasibility studies of projects by the resident companies, the amount of declared investment totals $1-1.1 billion. It is a rather good figure. Apart from that, we have utilized about 350 hectares of land – this is a startup zone of the first phase; about $380 million was invested in it,” Kirill Koroteyev said.

About 10 facilities are under construction now. “The most important of them are MAZ-Weichai and Ruhteh Ltd (laser equipment), Zoomlion (mechanical engineering), China Merchants Group (it has already implemented the first stage and is about to embark on the second one). About 150 hectares already belong to resident companies,” Kirill Koroteyev informed.

The Chinese-Belarusian Industrial Park Great Stone will have at least 40 resident companies by the end of the year. In 2020 their number is to reach 100, while investment will stand at $2-2.5 billion. One of the model projects to be implemented is production of thin-film solar panels. According to Kirill Koroteyev, this is a crucial project for the industry. In fact, Belarus might have an industry that will pull other industries as a result of a synergic effect.

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