China-Belarus industrial park looking to attract more foreign investors

The China-Belarus Industrial Park, a signature project on the Silk Road Economic Belt, is stepping up efforts to attract more global investors, said senior executives of the industrial park development company.

By the end of February, 43 companies were registered with the park and had signed agreements to make total investments of more than $1 billion, compared with 23 companies at the end of 2017. Among them, 14 had already started manufacturing and providing services.

Li Haixin, director-general of the China-Belarus Industrial Park Development Co, said construction of the first phase of the industrial park, spread over an area of 8.5 square kilometers, can be completed in 2020 and it can then host 70 to 100 companies, signing investment contracts worth $2 billion to $2.5 billion.