Extension of FEZ Grodnoinvest: the area has been increased by 660 ha, a new site appeared in Svisloch
On August 22, 2018 by the Decree of the President of the Republic of Belarus No. 346 the territory of FEZ Grodnoinvest has been increased by 660.84 ha. Therefore, the total area of the free economic zone in Grodno region is 4195.04 ha.
The boundaries of FEZ Grodnoinvest for the first time included the land of Svisloch city (site No. 12), the existing sites in Smorgon, Smorgon and Grodno districts (plots No. 2 and No. 11) have been extended.
The change in the boundaries of sites No. 2 and No. 11 is determined by the further development of the export-oriented woodworking cluster, maximizing the use of the possibilities of the industrial zone of Smorgon region.
The creation of site No. 12 is determined by investors' interest in implementing investment projects in logistics and woodworking spheres. The proximity of the state border with the Republic of Poland, the presence of the western and eastern railway track, and the reserve of energy capacities are attractive for investors for implementation of the projects in transport logistics sphere.
FEZ Grodnoinvest was established in 2002. Over 15 years, the territory of the free economic zone has changed four times. The last time the boundaries of FEZ were extended in 2016 - in Grodno region on the border with the Republic of Poland, a logistics FEZ was created.
This step has significantly increased the attractiveness of Grodno region as a key transport hub between Asia and Europe, the Eurasian Economic and European Union. In just two years, three companies were registered as FEZ residents with investment projects in logistics sphere, one of which was established by the Chinese construction and investment holding CGICOP and is aimed at servicing commodity flows within the transnational project One Belt - One Way.
The extension of the territory of FEZ Grodnoinvest in 2015 due to the creation of industrial sites in Smorgon and Smorgon district allowed to register 5 residents, to attract over 180 million US dollars of investments in fixed assets, and also to form a large woodworking cluster with a world's leading company in charge.