Strategies to attract foreign direct investment project submitted for public discussion
The National Agency for Investments and Privatization submitted for public discussion the draft Strategy for Attracting Foreign Direct Investment to Belarus.
The strategy will make it possible to work out the principles, directions and expected results of attracting foreign investments, to determine mechanisms for stimulating the inflow of foreign capital into the national economy. This will help determine the long-term goals and objectives of attracting foreign investment, improve the investment climate in the country.
The development of high-tech and knowledge-intensive industries, the tourism industry, housing and utilities, logistics, transport, digital and social infrastructure, digital sectors of the economy, the financial sector, and the social sphere are among the promising areas for attracting foreign investment.
Last year, residents of FEZ Grodnoinvest attracted $ 60 million in foreign direct investment, which is 28% more than in 2017. Key investors were Russia, Cyprus, Germany, the Netherlands, Poland and the United Kingdom.
In 2018, 15 companies in the field of logistics, woodworking, mechanical engineering, construction materials, chemical industry with capital from Belarus, Cyprus, Poland and Russia with a declared investment of more than 300 million Euros became residents.
The administration of the FEZ “Grodnoinvest” is ready to support any initiative to develop business in the region with the creation of new or expansion of existing industries. For this purpose the administration of FEZ Grodnoinvest has at its disposal available land plots of over one thousand hectares, over 200 thousand square meters of ready production facilities, special conditions for doing business, which allow to decrease investment costs by 40 percent on average.
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