9.06.2017

The NAIP hosted a meeting of representative bodies of state administration and Chinese and Belarusian businessmen. The talks were attended by representatives of the National Agency of Investment and Privatization, Ministry of Foreign Affairs, Ministry of Agriculture and Food, National Academy of Sciences, Heads of the State Corporation of China SINOCONST and Belarusian farm ABC-Agro.

The parties have signed the agreement on cooperation in the framework of which it is planned to create joint enterprise SP ABC-Invest. The joint venture will implement the investment project on reconstruction and technical re-equipment of agricultural production in Minsk region.

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"We appreciate the investment cooperation with China, it is very important for us to see the establishment of direct contacts between the Chinese and Belarusian business circles. Today SINOCONST is involved in several projects in Belarus. This is the construction of a cement plant, Svetlogorsk pulp and board plant, automobile factory Belgee in Zhodino, a large hotel and business complex with a tennis center in Minsk. The new investment project of the Chinese company linked to agriculture," said Deputy Director of NAIP Michael Dashuk.

The total cost of the investment project is 25.4 million USD with the involvement of the Chinese Foreign credit lines in the volume of 13 million USD for 14 years. Direct investments of SINOCONST Corporation will be 3 million USD.
In the framework of the project it is planed to reconstruct and technically re-equip pig farm with a closed cycle of production capacity of 11,500 head per year, construct the department of animal feed with extrusion capacity of 3 tons per hour, reconstruct and technically re-equip the meat processing plant with a capacity of 5 tonnes and retool the grocery store and bar in Molodechno .

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"SINOCONST Company has been successfully operating on the Belarusian market and is always open to new proposals. We are pleased that today we can already move on to the practical implementation of our new project ", said Chairman of SINOCONST Company  Xu Yanlin.

 "Our joint project has been worked out both from economic and from scientific innovative point of view. Breeding pigs will allow us to produce the highest quality product with unique features. In addition, our strategy is to obtain tax preferences, which will create favorable conditions for foreign investors ", said head of the farm ABC-Agro Vladimir Artyukevich.

China Machinery Industry Construction Group Inc. (SINOCONST) is part of SINOMACH Corporation and one of the oldest and largest state-owned construction enterprises in China. The company was founded in September 1953. With the participation of SINOCONST implemented hundreds of large and medium-sized key projects in various sectors (engineering, metallurgy, electric power, chemical, oil industry, electronics, light industry, radio and television, the environment, construction).


 The volume of direct foreign investments on a net basis from China to Belarus in 2016 exceeded 36 million US dollars. As of March 1, 2017 in Belarus  25 representative offices of Chinese organization have been opened.