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Four new resident companies in China-Belarus Industrial Park soon

17 April 2015

MINSK (BelTA) – Plans have been made to register four companies as residents of the China-Belarus industrial park Great Stone soon, BelTA learned from head of the park's administration Andrei Gal on 17 April.

The large Chinese companies Huawei and ZTE have already become residents of the park. Another four companies are expected to join them soon. Negotiations with another ten are in progress. Andrei Gal specified that those are Chinese companies. “Apart from that, we are working with Belarusian companies,” said the head of the China-Belarus Industrial Park administration.

The official said that 65ha of land has been prepared for building engineering networks and installations as well as roads. Work is being done in two shifts, over 200 vehicles and machines are now employed at the construction site.

The China-Belarus industrial park Great Stone is a territorial unit with a special legal regime meant to enable comfortable conditions for doing business. The park's concept provides for creating a convenient infrastructure for developing business, granting a considerable tax respite to participants of the project for a rather lengthy period of time, and providing a set of services to residents of the park. The priority business avenues of the park include the development of fine chemistry, biomedicine, electronics industry, mechanical engineering.

The park is located in Smolevichi District, Minsk Oblast 25km away from Minsk in the immediate proximity to an international airport, the railway network, and the transnational motorway Berlin-Moscow. There are plans to set up manufacturing and residential zones in the park, office premises, trade and entertainment ones, a financial center and an R&D center.

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