Business news

13 May 2022

FEZ Grodnoinvest gets over $134m of foreign investment in January-March

Photo from grodnoinvest.by

GRODNO, 13 May (BelTA) – FEZ Grodnoinvest received more than $134 million of foreign investment in Q1 2022, BelTA learned from the press service of the free economic zone.

“In January - March 2022, FEZ Grodnoinvest received $134.5 million of foreign investment from 12 countries. Foreign direct investment on a net basis amounted to $98.7 million. The biggest investors were companies from the Netherlands, Cyprus, Austria, Great Britain and Poland. There were investments from the UAE,” the press service said.

The bulk of investment went to the companies located in the FEZ Grodnoinvest industrial park in Smorgon District where world-level manufacturers successfully operate. More than $16 million was raised by FEZ resident companies operating in Grodno.

The FEZ Grodnoinvest administration is working hard to bring new investors from near and far abroad. In January-March 2022, business meetings were held with partners from Russia, Poland, Lithuania, the UAE, Uzbekistan, India and other countries.

Unionway Ltd, a newcomer to the free economic zone, is implementing a project to build a container terminal at site No. 12 of the FEZ Grodnoinvest near the Svisloch freight railway station. The administration of FEZ Grodnoinvest and the company BRIKOIL TRANS-F.Z.E., a resident of the Arab Ajman Free Zone, signed a memorandum of intent to develop a transport and logistics terminal in Grodno Oblast. The project is estimated at up to $100 million.