In January 2012, the FEZ Mogilev marked its 10th anniversary. Over these years it has not only grown ten-fold (from 243 to 2,200 hectares), but also significantly boosted its economic capacity. Suffice it to say that over 40% of all the industrial products of the regional center are made in the zone.
The FEZ Mogilev has 58 companies registered with the total declared investments amounting to $1 billion. Representatives of 12 countries, mainly from the EU, take part in promising investment projects. Foreign direct investments account for 40% of the total investments. The vast majority of the companies specialize in machine-engineering, metalworking, woodworking, chemicals and textile production.
Currently, the FEZ Mogilev has been investing budget funds in the development of engineering and transport infrastructure, which is to become the foundation for the first cluster of woodworking companies. The cluster will include VMG Industrii, Mebeline, Kronospan High Technologies, and other residents.
In November 2012, Mogilev will play host to the Sixth Investment Forum where the FEZ Mogilev will present the highlights of its 10 years of operation and new interesting projects for future investors.