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Investments in Great Stone industrial park over $20m in H1 2021

Photo courtesy of Great Stone

MINSK, 19 October (BelTA) - The volume of investments by resident companies of the China-Belarus industrial park Great Stone totaled $20.6 million in H1 2021. Investments in fixed assets rose by 34% year-on-year, BelTA learned from the press service of the park.

The total volume of investments by resident companies of the industrial park accounted for 8.5% of the total investment in Minsk Oblast.

The number of resident companies has increased, as the park welcomed 14 new residents with Chinese Belarusian, Russian, Swiss and Ukrainian capital that are expected to invest a total of $40 million and create 654 jobs at the park. They will implement a variety of projects, including, production of computer hardware, storage and processing of bulk data, e-commerce, pharmaceutical vending machines and special-purpose vehicles for agriculture and forestry.

For the first time, Great Stone resident companies posted a net profit, reflecting a threefold increase in production volumes. Residents also created 610 jobs in H1 2021, a 54% increase over 2020.

The China-Belarus Industrial Park Great Stone is a special economic zone with a special legal regime. It is located 25km away from Minsk. The park’s priority development areas include mechanical engineering, electronics and telecommunications, biotechnologies, pharmaceutics, new materials, logistics, digital commerce, big data storage and processing.

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