Al Habtoor, Emaar mull joint investments in Belarus

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Beating state debt addiction proves hard for UAE banks

Beating state debt addiction proves hard for UAE banks

Banks' exposure to the public sector as a percentage of capital...

MidEast boutiques seek to become fashionable M&A choice

MidEast boutiques seek to become fashionable M&A choice

Number of such firms in the Middle East is growing, centred on...

Saudi money market turmoil shows bank jitters over bond issues

Saudi money market turmoil shows bank jitters over bond issues

Money market moves show concern about Saudi banks' ability to...

Most Popular
Most Discussed