Belarusian government officials, namely Mikhail Myasnikovich, Prime Minister, and Anatoly Tozik, Deputy Prime Minister, as well as top managers of Chinese companies, including Sinomach, CAMC Engineering, Huawei, ZTE, and Lenоvо Group Limited, participated in the foundation stone laying ceremony. The presentation of Belarus investment opportunities and Belarus-China Industrial Park was held in the hall “Orchid” in Beijing Hotel.
Information about Belarus' investment climate was presented by the Director of the National Agency of Investment and Privatization Natalia Nikandrava.
China's biggest companies are willing to invest in the Chinese-Belarusian Industrial Park. More than 50 leaders of various organizations, including top managers of leading Chinese corporations — Chairman of China National Machinery and Engineering Corporation Sinomach China CAMC Engineering Corporation Ren Hongbing and Luo Yan, vice president of Lenovo Group Limited Jia Zhaohui, heads of GreatWall, Geely, Huawei, ZTE, owners and managers of companies operating in the fields of aviation, engineering, electronics manufacturing, retail business attended the ceremony.
The construction of the first phase will be launched on the area of 850 hectares and will be completed within five years. It is planned that initially the park will employ around 25 thousand people and will raise an investmentof US $ 5.6 billion.
The park’s priority business areas are electronic engineering, fine chemistry, biomedicine, new materials, and mechanical engineering. A company from any country of the world may become a resident of the park.To ensure a comfortable business environment, the park will be viewed as a separate territorial unit with a special legal regime. For next 50 years, the industrial park in Belarus will offer a number of benefits to its resident companies, including preferential taxation, free custom zone regime, and exemption from customs duties and VAT.
In thirty years, the Industrial Park will cover the area of over eight thousand hectares where more than 120 thousand employees will reside, work, and spend their free time.