Press releases

MINSK, 28 September (BelTA) – There are plans to carry out a joint Belarus-Russia project to produce synthetic sapphires in the Belarus-China industrial park Great Stone, head of the park’s administration Alexander Yaroshenko noted on the sidelines of the Belarusian investment forum on 28 September, BelTA has learned.

“As of today, the park comprises nineteen resident companies from different countries, including twelve Chinese and three Belarusian companies, one American, a Lithuanian one producing environmentally friendly packaging. We welcome our Russian partners at the park: this is a Belarusian-Russian project to produce synthetic sapphires on an industrial scale. This field is interesting, and I hope the project will take shape in the park,” Alexander Yaroshenko remarked.

There were plans to register 20 resident companies in the park by 2018. “We would like to attract even more investors. We are considering registering some European companies, including those from Germany, Switzerland, and Italy. We would like to expand the geographical scope,” Alexander Yaroshenko underlined.

Since the park’s inauguration, the total amount of financial investment has reached $300 million. This sum includes funds from both foreign and Belarusian investors. “This number shows that the activity in the park has been increasing, and the registration of new resident companies has been showing positive dynamics,” the head of the park’s administration said.

The Belarusian investment forum is taking place in Minsk from 28 to 29 September. The number of registered participants reaches 500 people. The event has gathered representatives of international and foreign financial institutes, private foreign investors, representatives of government bodies and agencies, national business, and the expert community. Experts will discuss ways to attract foreign investment in Belarus along with the country’s investment, technological and human potential, and also government measures to support businessmen and investors.