Construction of Chinese industrial park in Belgrade to begin in mid-2019 – Seventy Chinese companies to arrive

The construction of the Chinese industrial park in Belgrade should begin in mid-2019, and the first effects will become apparent in late 2019, it was said at the “Belt and Road Initiative in the Balkans”, held in Belgrade, as reported by Politika.

In the first phase alone, the industrial park will bring Serbia USD 2.6 billion in direct investments, a representative of China Road and Bridge Corporation (CRBC) said.

The idea is for the industrial park to attract 70 companies from China, the representative said and added that it would feature companies which produce food, furniture...

He said that China would also like to attract other European and international companies to the industrial park and pointed out that Serbian companies would work there as well.

– The operations of the industrial park will be harmonized with EU regulations – he pointed out.

According to him, the industrial park will be the first such project in Europe and a model for industrial parks in other countries.

The company's representative says that the first effects of the operations of the industrial park will be felt in late 2019, as the construction is to start in mid-2019.

In the first phase, most companies will be production companies, especially those in the food processing sector, but there will also be logistics companies, whereas, in the second and the third phase, there will also be companies from other fields.

– We need to think about the advantages of Serbia, such as the production and the processing of food. Serbia has a good agricultural basis and we need those products – said Chinese Ambassador to Belgrade Li Manchang.

He added that China imported plenty of agricultural products each year and announced that the import to China from Serbia would also begin.

– The deficit gap between China and Serbia will thereby be bridged, which is very important for Serbia – Li said.

China Road and Bridge Corporation Serbia ogranak Beograd

CRBC

Belt and Road Initiative in the Balkans

Li Manchang

Chinese industrial park in Belgrade