New FEZ Vitebsk resident to invest in liquefied gas transportation

VITEBSK, 10 October (BelTA) – A limited liability company Syryevyye Resursy Bel has been registered as a resident company of the free economic zone Vitebsk. The new resident plans to promote transportation and forwarding services, BelTA learned from representatives of the Investments and Economy Office of the FEZ Vitebsk administration. The business plan provides for investing about $13 million in setting up modern and environmentally friendly infrastructure to transport and sell liquefied petrol gas. Over 80% of the investments will be spent on buying vehicles. All the services will be rendered to companies outside the Republic of Belarus. The project will enable the company to more than triple the export of gas transportation services within five years. The new FEZ resident will be located at the Yuzhnaya site, the town of Orsha. The site consists of three sectors: the Northern Industrial Node (Orsha), Lyos (Baran), and the Aircraft Repairs Plant (Bolbasovo). The site occupies over 520 hectares and became part of FEZ Vitebsk in pursuance of Belarus president decree No. 674 of 24 December 2010. Thanks to the expansion FEZ Vitebsk now includes areas in the city of Vitebsk, too. FEZ Vitebsk’s total area is over 2,100 hectares. The free economic zone comprises 12 sectors located in the city limits of Vitebsk, Postavy, Orsha, Baran, Bolbasovo (Orsha District), and in Vitebsk District. Founded in August 1999, FEZ Vitebsk is implementing 45 investment projects today. Over 60% of FEZ Vitebsk residents are joint ventures and foreign-owned companies with investments from 13 countries, including Germany, Poland, the United States, Czechia, the UK, Russia, Canada, the Netherlands and Israel. The industrial backbone of FEZ Vitebsk is the companies that specialize in mechanical engineering, woodworking, food industry, chemistry, fuel industry and light industry.

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