China Merchants Group is ready to establish a financial investment fund in the Chinese-Belarusian Industrial Park Great Stone. This possibility is being studied during the visit of the top-level delegation of the corporation headed by Chairman Li Jianhong, according to First Deputy General Director of CJSC “Company for the development of the Industrial Park” Kirill Koroteev.
During the visit, the construction of a trade and logistics sub-park of the Chinese-Belarusian Industrial Park Great Stone will be discussed. In 2016 the total volume of investment in sub-park is expected to amount to $ 150 million. By November 2016 the corporation will be ready to introduce the objects with a total area of 100 thousand sq m, including 51 thousand sq m of covered storehouses, 20 thousand sq m of ground storages, 21 thousand sq m of exhibition area, of 6.2 thousand sq m of shopping area, 1.6 thousand sq m of office facilities, 1.34 thousand sq m of related facilities.
Moreover, the corporation is ready to take part in development of the Concept of transport and logistics of Belarus in order to maximize the use of the Chinese experience, as well as to participate in joint projects to promote air cargo carriage by giving impetus to the development of infrastructure of Minsk National Airport.
China Merchants Group specializes in trucking, logistics, financial services and real estate investment. At the end of 2014 total assets were $ 102.9 billion, net profit was $ 4.5 billion. The company occupies 10th place in the ranking of enterprises under the central submission in China in terms of the total level of profit.
In 2015, China Merchants Group has become one of the major shareholders of CJSC “Company for the development of the Industrial Park” with a stake of 20% in the statutory fund. At the same time JCS “China Merchants CHN-BLR Commerce and Logistics” with the statutory fund of $ 20 million has been recently established on the territory of the Chinese-Belarusian Industrial Park by the Corporation. The purpose of this company is the development of the trade and logistics sub-park with the investment volume at $ 500 million.
Source: BelTA