Minsk region plans to attract to the economy not less than 195 million USD of foreign direct investment on a net basis in 2017, exceeding the last year's figure by more than 4 million USD, as it is noted in the economy committee of the Minsk Oblast Executive Committee.
“To attract the required amount of foreign direct investment on a net basis in the current year, a list of projects with planned investments from abroad, has been defined. Such projects are concentrated in the Chinese-Belarusian Industrial Park Great Stone; the largest one of them is the creation of a logistics center of China Merchants Group. FDI is to be attracted into the construction of a plant to produce passenger cars of CJSC BelDzhi and other projects. The plan of CJSC Company for the development of the Industrial Park is to continue to attract investment in the form of loans for the development of the infrastructure of the Park,” told in the Economy Committee.
According to experts, a number of existing regional enterprises with foreign investment plan to direct profit to the development of production.
According to the results of 2016 Minsk region exceeded the task to attract FDI to the economy on a net basis. With established figure of 180 million USD (excluding debt to the direct investor for goods, works, services) actually 190.8 million USD was attracted (105.9% of the annual target). The largest volume of FDI on a net basis Minsk region enterprises attracted from Russia (21% of the total), China (18.3%), Cyprus (12%), Lithuania (11.6%). The top three areas in which the funds are invested by foreign investors are industry, trade and transport.
Over 2016 foreign investors invested 814.4 million USD in Minsk region in the real economy (except banks. Direct investments made 66.1% of the total amount.
According to BelTA