Republic

The China-Belarus Industrial Park Great Stone closed the year by signing a lease agreement with its resident company IPD Group on 30 December, BelTA learned from the press service of the park.

The leased area is 5,500 sq.m. This transaction is one of the largest this year in the industrial real estate market of the country.

IPD Group will use the premises to start a series production of high-tech data processing and storage devices. In particular, the company will be engaged in the production of computer equipment, server equipment, monitors, and interactive smart panels. In the future, the resident company plans to expand the range of import-substituting products.

The China-Belarus Industrial Park Great Stone is a special economic zone with a special legal regime. It is located 25km away from Minsk. The park's priority development areas include mechanical engineering, electronics and telecommunications, biotechnologies, pharmaceutics, new materials, logistics, digital commerce, big data storage and processing.