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Turkish businesses are presented with investment opportunities on the territory of FEZ Grodnoinvest

The delegation of FEZ Grodnoinvest took part in the events for the development of cooperation with the business community of the Republic of Türkiye within the framework of the International Exhibition MUSIAD EXPO in Istanbul. Turkish partners were presented with the opportunities of FEZ in the investment, trade, economic, and tourism sectors. 

During the visit, negotiations were held on the implementation of new investment projects in the Grodno region, including the creation of the Grodno industrial park with the participation of Turkish companies, the expansion of trade and economic ties and the development of industrial cooperation in the chemical, woodworking, engineering and other fields.

On October 5, the Turkish-Belarusian Investment Forum was held at the MUSIAD EXPO site, in which a large number of companies from the two countries interested in mutually beneficial cooperation took part. The participants were welcomed by the Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Republic of Türkiye Viktor Rybak and President of the Association of Independent Industrialists and Entrepreneurs MUSIAD Mahmut Asmalı. The event discussed issues of doing business in Belarus, presented the advantages of free economic zones.

Olga Sventitskaya, Deputy Head of the Administration of FEZ Grodnoinvest, spoke about the unique investment proposals in the Grodno region. One of the topics of discussion was a new ambitious project for the construction of a Grodno industrial park with a ready-made infrastructure and developed logistics. The advantages of the special tourist and recreational park Augustow Canal are also presented, and the projects in the field of multimodal logistics in the areas of FEZ adjacent to the state border of the Republic of Belarus with the Republic of Poland are described in detail.

Today, the developed infrastructure of the Grodno region, primarily transport, is able to serve multimodal flows in large volumes. This requires modern logistics complexes, where it is possible to process, transship, store cargo. For these tasks, we have formed investment platforms with preferences, deployed sanitary, customs and border control services, we have experience in implementing similar projects with capital from the UAE and Russia.

Olga Sventitskaya | Deputy Head of the Administration of FEZ Grodnoinvest

As a result of the negotiations, a Memorandum of Cooperation was signed between the administration of FEZ Grodnoinvest and the Association of Independent Industrialists and Entrepreneurs MUSIAD. The document provides for the expansion of cooperation between Belarusian and Turkish companies in the production, investment, financial, trade and economic spheres.

In FEZ Grodnoinvest, a resident with Turkish capital, Europlasteks Invest Ltd., operates, which implements 2 projects in the industrial park in Smorgon to organize the production of cotton yarn and the production of steel pipes. Business relations of FEZ Grodnoinvest with Turkish business are systematically developing. The possibilities of bilateral cooperation are described in more detail in our international review.