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Tentative plans for Geely to make automobile parts in China-Belarus industrial park Great Stone

11.06.2019

Plans have been made to sign agreements with several Swiss companies.

The Chinese corporation Geely may set up an enterprise in the China-Belarus industrial park Great Stone to make automobile parts, BelTA learned from Aleksandr Yaroshenko, head of the industrial park administration, at a press conference on 10 June.

The official said: “We have preliminary agreements on the arrival of two very large, truly significant investors for us. I hope it will happen and we will sign the relevant agreements. Primarily with Geely Corporation. Work is still in progress. We intend to sign a preliminary agreement on implementing a project to make automobile parts in the China-Belarus industrial park Great Stone. Another planned agreement of intent will involve a Chinese shipbuilding corporation. Together with an aerospace technology company, which is one of the anchor investors, we intend to create a so-called subpark in the industrial park. We hope that the Belt & Road Forum for Regional Cooperation and Development will give a nudge to the development of these serious projects we are betting on now.”

Plans have been made to sign agreements with several Swiss companies. “I hope we will sign among other things an agreement on residency with a company specializing in R&D in the area of big data storage and processing in the sphere of unmanned technologies – driving an automobile using the so-called augmented reality. The second project involves mechanical engineering. First Deputy Prime Minister of Belarus Aleksandr Turchin has already met with a representative of the company in Switzerland. We've held negotiations. We also see the possibility of implementing two projects relating to pharmaceutics later on,” the head of the industrial park administration noted.

Apart from that, two Belarusian companies are expected to become residents of the China-Belarus industrial park Great Stone. The first one will bring 3D technologies while the second one will bring computer technologies. “We invite our Belarusian investors, businessmen to look at the industrial park as a territory of global opportunities not only for foreign investments but primarily Belarusian ones. We give an opportunity to expand one's own business, actively promote products, including to foreign markets,” Aleksandr Yaroshenko stressed.

The Belt & Road Forum for Regional Cooperation and Development will take place in the China-Belarus industrial park Great Stone on 2 July. Its key theme is Great Stone Industrial Park – Global Opportunities. The forum will draw about 500 participants. Those will be representatives of governments, heads of business associations, investment funds, banks, and major companies from European and Asian regions. The forum's organizers are the Belarusian Economy Ministry and the Commerce Ministry of the People's Republic of China. The co-organizers are the Belarusian Chamber of Commerce and Industry, the Trade Development Bureau of the Chinese Commerce Ministry, the administration of the China-Belarus industrial park Great Stone, the National Agency of Investment and Privatization, and SZAO Industrial Park Development Company.

The China-Belarus industrial park Great Stone is an international platform for setting up high-tech enterprises in cutting-edge spheres thanks to unprecedented preferences and incentives. The park is home to 44 companies from China, Belarus, Austria, Germany, Russia, Lithuania, USA, Israel, with the declared volume of investments in excess of $1 billion.

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