First 7 residents of Chinese-Belarusian Industrial Park get registration certificates

      The first seven resident companies of the Chinese-Belarusian Industrial Park have got registration certificates.
      The ceremony of handing over the certificates held at the construction site of the first phase of the industrial park was attended by Belarus President Alexander Lukashenko and China President Xi Jinping, BelTA reports. The leaders of the two countries were made familiar with the project of the park, short descriptions of investment projects of the first resident companies. Alexander Lukashenko and Xi Jinping signed the park’s development plan. The administration of the industrial park and the representatives of 14 companies have exchanged letters of intent to become resident companies of the park. The sides are mulling over the accession of China Merchants Group to SZAO Industrial Park Development Company with a 20% share. This will be the second largest shareholder after Sinomach. This corporation has a huge experience in the operation of industrial parks and the development of logistics projects. The best practices of this company and Sinomach will create a synergy effect in the positioning of the park as a key hub in the Silk Road Economic Belt initiative by the Chinese leadership.