Posted: 27.10.2021 15:05:00

New resident for Great Stone

A new resident has joined the China-Belarus Great Stone Industrial Park: Belarusian-Latvian SMD BY. The company plans to assemble electronic products which are widely used in telecommunications and data transmission, medicine, automotive industry, and instrument making. As expected, products will be then supplied to the EAEU market.

SMD BY and the Industrial Park Development Company have also signed an agreement on lease of premises in one of standard production buildings. Such ready-made production facilities enable enterprises to get down to implementing their projects faster.

As informed by the Industrial Park, out of 80 residents, more than 20 percent have purchased or rent industrial premises. In addition, over a third of all residents registered in 2021 will be located on ready-made production areas. The trend will continue in 2022.

The Great Stone has also reported on the economic results achieved in H1 2021. Over this period, the total investment volume of its residents amounted to $20.6m. Injections into fixed assets increased by 34 percent against the same period in 2020. The total volume of investments by residents made 8.5 percent of the total investments in the Minsk Region: as of the end of June, the project participants invested $296m. At the moment, the total amount of declared investments is $1.2bn.

Since early 2021, fourteen new residents with Chinese, Belarusian, Russian, Swiss and Ukrainian capitals have joined Great Stone; their total investments made about $40m. Approximately 650 jobs will be created as a result. The new residents will implement a number of projects, including production of computer equipment, interactive banking and robotic pharmacy terminals, specialised vehicles for agriculture and forestry, as well as projects in the field of storage and processing of big data and e-commerce.