XII International Investment Forum was held in Mogilev

9 November 2021

The XII International Investment Forum «Mill of Success» was held in November 2021 in Mogilev. The Forum was attended by almost 60 foreign participants from 7 countries of the world: Russia, Tajikistan, Kazakhstan, Turkey, Pakistan, India and Brazil. Within the framework of the Forum, an exhibition of leading manufacturers of the Mogilev region and visits to enterprises and organizations of Mogilev and the region were organized.

The main focus of the Forum was made on the presentation of the potential of the south-eastern region of the Mogilev region. All investors in Belarus have the same benefits.

The southeastern part of the Mogilev region stands out against the general background with special benefits. For this region, about 40 investment proposals have been developed. According to the Ministry of Economy of the Republic of Belarus, today about 180 regional projects, about 60 country-scale projects have been identified throughout the country, and a special set of measures has been approved to launch a new investment cycle. Work is underway on three key blocks:

• ensuring predictability and stability of conditions in the implementation of investment projects;
• cost reduction in the implementation of investment projects;
• new sources of resources and capital, as well as expansion of the long-term money segment in the economy.

The priority investment areas of the five-year plan in the real sector of Belarus are pharmaceuticals, biotechnology, optics, electronics, medical equipment, electric transport, auto components. In the digital field – the deployment of a 5G network, the implementation of the concept of a «smart city», the introduction of «digital factories», the creation of production facilities with 3D printing and robotic systems. In the service sector – science, engineering, medicine, recreation and tourism. In addition, the Republic of Belarus has developed a National Infrastructure Plan for the period up to 2025, representing the need for social, transport, and industrial infrastructure.

The implementation of investment projects in the regions contributes to the creation of new jobs, a decrease in production and transport costs of enterprises, sustainable economic growth, an improvement in the quality of life of the population, as well as the achievement of Sustainable Development Goals 8, 9, 10, 11 and other SDGs.

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