Investors from abroad focus on construction sites

Iranian Semega to invest around $150m into five-star hotel in capital

By Oksana Shuvalova

The Iranian designed 39-floor hotel is to cover 65,000sq.m and meet European standards, offering 250 suites, a business centre and three-level underground parking. The first floor will house a trading centre and restaurants, with a helicopter pad on the roof. The facade is to combine Belarusian and Iranian motifs, decorated with a pattern of Belarusian snowflakes and Iranian carpet ornaments. Guests of the 2014 World Ice Hockey Championship will be the first to be welcomed.

Currently, Belarusian design institutions are helping adapt the design to Belarusian regulations, with a contract signed with a Turkish company to install fixtures and be the general contractor for the project. Belarusian specialists will oversee construction works.

Alexander Domenikan, the Chairman of Minsk City Executive Committee’s Construction and Investments Committee, tells us that investment contracts have been signed to build around 50 objects in the capital. These are now being designed and built. “Most weeks, Minsk City Executive Committee receives two or three applications from investors. Each presupposes at least $3m of declared investments, with investors vigorously exploring Minsk’s sites,” he notes. Mr. Domenikan adds that, in the next few years, Minsk’s infrastructure will gain several major investment objects. “Our capital is getting ready for the world hockey forum. Hotels are being built, including the five-star Minsk Perspolis.”

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