Real plans for the future

Iran is implementing investment projects worth about $1.5bn in Belarus, noted the Ambassador Extraordinary and Plenipotentiary of Iran to Belarus, H.E. Mr. Seyyed Abdollah Hosseini, at a press conference in Minsk. He added that, apart from the agreed investment plans, Belarus and Iran are negotiating on other joint projects, estimated at over $1bn. This shows Iran’s huge interest in the development of investment ties with Belarus

By Galina Grishkovets

The project to construct the Magnit-Minsk complex by Iran’s Kayson company (worth about 250m Euros) is proceeding well. It will occupy about 180,000 square metres near the National Library. Other major projects run by Kayson include the construction of Prilesie Transport and Logistics Centre in the Minsk free economic zone.

Iran’s Persepolis Invest plans to build a five-star hotel in the Belarusian capital, worth $150m, while Iran’s Didaks is to implement investment projects in Brest, Gomel and Svetlogorsk. According to the Ambassador, other promising investment projects include the construction of a tourist-hotel complex near Zaslavl reservoir. The Iranians are to inject about $1.5bn in its 15 mini-projects. Additionally, Iranian businessmen plan to set up the production of metal wire in Rechitsa and construct a cement plant in the Gomel Region. Iranian Samand cars are already being assembled in the Minsk District.

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