Home Pharmaceutics Strong Russian private sector interest in Sino-Belarusian industrial park noted

Strong Russian private sector interest in Sino-Belarusian industrial park noted

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MINSK, July 13 (BelTA) — The Russian private sector is showing strong interest in the Sino-Belarusian Great Stone Industrial Park, BelTA has learned from the first deputy general manager of the SZAO industrial park development company, Kirill Koroteyev.

Kirill Koroteyev said: “We are seeing tremendous interest from the Russian private sector, Russian business and government communities in the industrial park. We hold meetings with Russian delegations almost every day.

According to him, as an industrial and investment platform, Belarus was quite competitive in the European market given the prices of energy resources and local wages. “Now, given the complicated economic and foreign policy situation, we intend to turn to the Russian market and we already see a response. Together with Russian businessmen, we are developing projects for vehicles unmanned aerial vehicles, helicopter construction, fine chemical projects. All in all, we strive to create a wide range of interactions,” he noted.

Kirill Koroteyev added: “There are several Russian resident companies in the park. They specialize in the manufacture of veterinary drugs, medical products and in R&D in the field of electrical transmissions for transport and new materials. Overall, the potential for interaction between the Sino-Belarusian Great Stone Industrial Park and the Russian Federation is quite large. We are determined to actively advance our cooperation.

The Sino-Belarusian Great Stone Industrial Park is a special economic zone with a special legal regime. It is located 25 km from Minsk. The park’s priority areas of development are mechanics, electronics and telecommunications, biotechnologies, pharmaceuticals, new materials, logistics, digital commerce, storage and processing of big data.