MINSK, 7 June (BelTA) - Belarusian President Aleksandr Lukashenko is set to meet with Mohamed Ali Alabbar, Managing Director of the Emirati company Emaar Properties, on 7 June, BelTA has learned.
“The company from the UAE is one of the world's largest investors in the construction industry. Today we will learn details about the implementation of the Northern Waterfront project in Minsk, and cooperation with the Belarusian HTP,” the Telegram channel Pul Pervogo said.
The Belarusian head of state met with Mohamed Ali Alabbar on 28 June 2021. The Arab business is implementing a large-scale project of a smart city in Minsk, which is called Northern Waterfront. The next day after the meeting with the head of state, the managing director of Emaar Properties and Minsk Mayor Vladimir Kukharev signed an investment agreement on the Northern Waterfront construction project.
The investment project will be implemented in 2021-2040. The project will cost €4 billion. The smart city will be built within the boundaries of the Minsk Ring Road, Pobeditelei Avenue, Orlovskaya Street and Tsnyanskoye Reservoir. The complex will include residential buildings with all the necessary engineering and transport infrastructure, social facilities and public facilities with a total area of more than six million square meters.
Mohamed Ali Alabbar is considered one of the biggest and most successful businessmen in the UAE. He is an advisor on economic and investment issues (personal and governmental) to the leaders of Abu Dhabi and Dubai. This Arab businessman is in fact the mastermind and executor of the concept of modern Dubai. Mohamed Ali Alabbar is the co-owner of major international companies in e-commerce, catering, fashion and design.