Investment agreements, letters of intent worth $200m signed in Gomel
GOMEL, 20 May (BelTA) – Investment agreements and letters of intent to the tune of more than $200 million were signed at the Gomel Economic Forum on 20 May, BelTA has learned.
In line with these documents, the region will implement several big projects with the participation of foreign and local capitals, Particularly, Turkish Dangy Profil Company which has become resident company of the Gomel-Raton free economic zone is eager to ramp up the production of electro-welded metal tubes using its own funds. Lithuania’s Glera Market will invest over $6 million in the construction of big trading facilities in Gomel Oblast. Hungarian TANDAKO ktf is going to build a cheese factory with the capacity of 120 tonnes of milk per day in Gomel Oblast. The expected volume of investments will make up ?82 million.
In fact, five investment agreements and four letters of intent were signed during the forum. The documents were signed by heads of companies and chairman of the Gomel Oblast Executive Committee Vladimir Dvornik. Some of the agreements will be implemented this year. Thus, for instance, a joint company to sell dairy products produced by Gomel Oblast companies in the Russian market will be set up in July 2011. The agreement was signed by the Russian National Union of Milk Producers and Gomel meat and dairy company.
Partaking in the 8th Gomel Economic Forum are more than 200 businesses from 24 countries. Russia, Poland and Italy have the most impressive delegations. Participants of the forum have learned about over 240 investment projects to be implemented in Gomel Oblast. Businessmen will have an opportunity to visit the Spring in Gomel international universal exhibition fair.
