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The borders of FEZ Grodnoinvest were optimized for the development of the area of the Grodno region

On April 11, 2022, by the Decree of the Council of Ministers of the Republic of Belarus No. 222, the territory of FEZ Grodnoinvest was optimized. The total area within the new boundaries amounts 4156.62 hectares. This measure is aimed at the further development of FEZ, increasing investment attractiveness and creating conditions for the accelerated development of the regions of the Grodno region.

The Decree corrected the borders of FEZ Grodnoinvest plots in Grodno, Svisloch, Smorgon districts, as well as in the cities of Lida, Novogrudok, Smorgon, Slonim and Grodno. This will improve the conditions for attracting investments to the regions, use new industrial sites with an investment capacity of up to $60 million, and ensure the possibility of further effective implementation of investment projects of existing residents of FEZ with a total amount of more than $120 million.

Currently, the territory of FEZ Grodnoinvest consists of 12 plots, 26 sectors and includes the lands of Grodno, Lida, Mosty, Novogrudok, Slonim, Shchuchin, Smorgon and Svisloch. The last time the territory of FEZ was changed was in 2018. Then, for the first time, the territories of Svisloch (plot No. 12) were included in its borders, industrial parks in Smorgon and the Grodno region were expanded (plot No. 2 and No. 11).

The conditions created for business development have made it possible to attract more than $1.0 billion of foreign investment since 2018. The effectiveness of FEZ Grodnoinvest is also indicated by the fact that about 65 units of private investment were attracted per unit of state investment costs.