Al Habtoor, Emaar mull joint investments in Belarus

UAE majors in talks to collaborate on real estate and hospitality projects in Eastern Europe

Two major UAE-based companies are in talks to collaborate on investment project in Belarus, it was announced on Tuesday.

Senior executives of the Al Habtoor Group and Emaar have held discussions on investment opportunities in the eastern European country, a statement said.

The companies have agreed to form a joint team to travel to Minsk to study opportunities "as early as possible".

They will focus on possible collaboration in multi-purpose complexes and hospitality projects in the country.

Ahmad Thani Al Matrooshi, managing director, Emaar Properties, met with Khalaf Ahmad Al Habtoor, chairman, Al Habtoor Group. the statement said, adding that other senior officials were present at the talks.

The meeting follows a four-day visit to Belarus by Al Habtoor in mid-October to look at investment opportunities.

Al Habtoor was invited to the capital Minsk by the Prime Minister of Belarus Mikhail Myasnikovich who visited the UAE earlier in the year.

"Belarus is a beautiful country, full of business opportunities. I was very impressed following my visit there," he said in the statement.

Al Habtoor's managing director Mohammed Fadhel Al Mazrooei added: "We will jointly study projects in Belarus. Emaar has a proven track record in the UAE and international markets. We have many synergies. A combination of the Al Habtoor Group and Emaar will make a very strong team."

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
A humbler Qatar still wants to punch above its weight

A humbler Qatar still wants to punch above its weight

Qatar has acquired more than $335bn worth of assets around the...

Saudi Arabia spends money to make money

Saudi Arabia spends money to make money

Tour of Asia by Saudi Arabia's King Salman advances drive to...

Soft money: will cash transactions soon be a thing of the past?

Soft money: will cash transactions soon be a thing of the past?

The rapid digitisation of banking in the UAE is enabling robots...

Most Discussed
sponsoredTracking