Declared investments in China-Belarus industrial park Great Stone estimated at over $1.3bn

Investments declared by companies residing in the China-Belarus industrial park Great Stone are estimated at over $1.3 billion. Head of the Great Stone Park Administration Aleksandr Yaroshenko mentioned it as he opened a Belarusian-Chinese forum on innovation-driven development of smart manufacturing, BelTA has learned. Aleksandr Yaroshenko said that the Great Stone park was established in Belarus as a site, which will allow implementing many cutting-edge ideas and many of the ideas have already been realized. “It is of strategic importance to establish interaction that will produce high results in the future.

It will become another step in the development of Belarus-China mutually beneficial cooperation,” he believes. At present the China-Belarus industrial park Great Stone is home to over 100 resident companies from 15 countries. The volume of actual investments in the park has already exceeded $830 million while the volume of declared investments stands at $1.34 billion.

Aleksandr Yaroshenko said: “Machine building is a priority sphere. Suffice it to say that a cluster of enterprises operating in this field is the park's largest one and includes over 20 projects. Belarusian-Chinese joint ventures that make internal combustion engines, gearboxes for passenger and freight vehicles operate in the China-Belarus industrial park Great Stone.

One of the Chinese resident companies makes construction vehicles based on MAZ chassis. A Belarusian resident company makes glass for all kinds of ground vehicles. These products are in demand on the Belarusian market and enjoy a strong demand in countries of the Eurasian Economic Union.