Posted: 07.06.2022 11:56:21

Lukashenko: Northern Waterfront is so far biggest project in Belarus

The President has met today with one of the greatest UAE businessmen – Mohamed Ali Alabbar, Managing Director of the Emirati company Emaar Properties


Aleksandr Lukashenko already met with Mohamed Ali Alabbar in June 2021 and, following the results of that meeting, an investment agreement was signed between the Minsk City Executive Committee and the Emirati company to implement a large-scale smart city project in Minsk: Northern Waterfront. It is designed until 2040 and involves an investment of $4.5bn. The smart city will be located within the boundaries of the Minsk ring road – Pobediteley Avenue – Orlovskaya Street – Tsnyanskoye water reservoir. As part of the complex, residential buildings with all the necessary engineering and transport infrastructure, social and public facilities with a total area of more than 6m square metres will be built.

“I am glad to meet you once again. You have long been a friend of Belarus, and you come here often. We appreciate such a scheme and the system of your work, and we are always ready to welcome you in Belarus – moreover, you always come with specific proposals. Of course, we will devote most of our time today to our main project – Northern Waterfront, which you plan to build. This is a large-scale project, and I think there have been so far no other project in Belarus as big as this one,” Aleksandr Lukashenko addressed the guest.

Emaar Properties operates in more than thirty markets – specialising in hotel business, shopping and entertainment infrastructure, development of information and communication technologies and services for diverse business spheres, investment and real estate maintenance. Dubai's largest construction projects, including the world's tallest Burj Khalifa building and one of the largest shopping malls, Dubai Mall, have been implemented by Emaar Properties.