New big projects to be implemented in Gomel Oblast soon | Region | English version

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20 May 2010

New big projects to be implemented in Gomel Oblast soon

GOMEL, 20 May (BelTA) – The investments agreements at the amount of $16.5 million were signed at the Gomel Economic Forum on 20 May, BelTA has learnt. According to the signed documents, in the near future several big projects with the participation of foreign and Belarusian investors will be implemented in the region. The Russian Grin Company intends to invest $10 million in the construction of a hypermarket in Gomel within a year. One more big trade facility will be constructed by the Tabakinvest Company in 2010-2011. EcoNerud will invest $4.5 million in the construction of a plant to process electric-furnace scrap on the base of the Belarus Steel Works. An investment project on the construction of a stone chipping line on the base of the Glushkevichi Crushed Stone Plant has been signed at the forum. The Iranian investments are expected to be used for the creation of a plant to produce aluminum wire rod. The Russian company Tagris plans to set up a joint company to produce protein and vitamin supplements in the Kalinkovichi Region. The Ukrainian company Kedr will implement a project on the modernization of a big boiler house. More than 40 delegations from 22 countries are taking part in the Gomel Investment Forum. A Czech delegation and a delegation of the Krasnodar Krai (Russian Federation) became the most representative. Large groups of Polish (Lubuskie Voivodeship) and Moldovan businessmen are attending the forum as well. Business and official circles of Moscow are represented by 24 people. Representatives of Venezuela and Norway are taking part in the forum for the first time. The main goals of the forum are to inform business circles about the investment potential of the Gomel Oblast and attract foreign investors. The forum will present more than 100 oblast investment projects. Minerals mining in the region will be among them. This year the format of special-purpose sections will be expanded as well. Businessmen will be able to participate in the sessions of five sections: “Tourism, Services and Trade”, “Construction and Energy”, “Processing Industry and Agriculture”, “Foreign Trade Cooperation”, “Scientific and Innovation Potential”. The previous forum included three sections. The participants of the forum will also attend the Spring in Gomel Expo 2010. In 2009 partaking in the Gomel Economic Forum were businessmen, official delegations, representatives of the financial and consulting companies, companies and organizations from 22 countries. Documents on over $250 million worth of projects were signed with foreign investors last time.