Results 2020: FEZ Grodnoinvest residents attracted record FDI on a net basis
We continue to sum up the results of 2020. Earlier we talked about the production of import-substituting products. Now we present the final information on attracting investments in the implementation of projects on the territory of FEZ Grodnoinvest. Despite the global recession due to the COVID-19 pandemic, FEZ residents expanded the geography of investors and attracted a record amount of direct foreign investment on a net basis.
The total volume of foreign investments in FEZ Grodnoinvest in 2020 amounted to $322 million. Over five years, the indicator has increased 4 times. Since the establishment of FEZ Grodnoinvest in 2002, its residents have accumulated over $992 million of foreign investments.
In 2020, FEZ Grodnoinvest residents attracted $74.4 million of direct foreign investment on a net basis. The indicator has doubled in comparison with the last year. The share of FEZ Grodnoinvest in the regional indicator was 77%.
In 2020, the key investors were international organizations, in particular the European Bank for Reconstruction and Development, which invested over $130 million. The top 5 also includes the Netherlands ($ 46.2million), Russia ($45.9 million), Austria ($45.7 million) and Cyprus ($29.4 million). In 2020, investments from Slovakia and Ireland were attracted for the first time. In total, the geography includes 20 countries, among them the UAE, Germany, Great Britain, Poland, Ukraine, etc.
In 2020, FEZ Grodnoinvest residents invested $91.1 million in fixed assets. The industrial sites of FEZ in Smorgon ($48.1 million), Mosty ($17.6 million) and Grodno ($14.5 million) have the largest volume of investments.