Page 396 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 4:40 PM UAE investments in Belarus exceed $4 billion as Northern Waterfront project progresses

The Mayor of Minsk added that work is currently underway on the joint Northern Waterfront project with the
UAE, under a mutually agreed work plan. The project includes integrated sports, educational, cultural and
residential facilities harmonized with the scenic nature of Minsk. It also contributes to sustainable development
goals in both countries by opening broad avenues for cooperation, including in tourism.

For his part, Dmitry Pantus, chairman of the State Authority for Military Industry of Belarus and head of the
Belarusian side in the UAE-Belarus Joint Committee, affirmed that the opening of the exhibition and the
anticipated smart economic city project reflect the depth of interaction and strategic cooperation between the
UAE and Belarus. He noted that the prospects for cooperation between the two nations are broad and promising.

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade (Source: WAM)

UAE investments in Belarus exceed $4 billion

On the sidelines of the opening of the Minsk International Exhibition Center, Al Zeyoudi said that UAE
investments in Belarus have exceeded the $4 billion mark, stressing that the UAE is among the top three largest
investors in Belarus. He noted that Emirati investments cover vital sectors including defence, technology,
hospitality and urban development.

Al Zeyoudi stated that the center’s opening marks the first phase of the Northern Waterfront project. “It
represents the launch of an ambitious plan to build a smart economic city in Belarus, aiming to attract
investments in tourism, boost the economy and modern technologies. The project reflects the growing UAE
presence in international markets,” he said.

Al Zeyoudi also pointed out the growing interest from Emirati companies in investing in the food and industrial
sectors, where Belarus possesses significant expertise and competitive capabilities.

“There is a focus on exploring new opportunities in the food and industrial sectors, given Belarus’s advanced
production infrastructure and skilled workforce, which enhances prospects for integration in new economy
sectors,” he added.

Read: UAE and Kenya sign 7 agreements in key economic, trade, energy, transport and industry sectors

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