The Al Habtoor Group and Emaar are in talks to collaborate on investments in Belarus. Senior executives from both Dubai based conglomerates discussed investment opportunities in the eastern European country. The meeting took place at the Habtoor Group head office late November.
Ahmad Thani Al Matrooshi, Managing Director, Emaar Properties met with Khalaf Al Habtoor, Chairman, Al Habtoor Group; Mohammed Al Habtoor, Vice-Chairman and CEO; Mohammed Fadhel Al Mazrooei, Managing Director; Maan Halabi, Executive Director and Sanjeev Agarwala, Director Strategy & Business Development.
Al Habtoor, who has held several meeting with Belarus’ senior officials said, “Belarus is a beautiful country, full of business opportunities. I was very impressed following my visit there.”
The Al Habtoor Group and Emaar discussed possible joint ventures in Belarus and agreed that a joint team from both groups would travel to Minsk to study opportunities as early as possible. They will focus on possible collaboration in multi-purpose complexes and hospitality facilities in the country.
Mohammed Fadhel Al Mazrooei said, “We will jointly study projects in Belarus. Emaar has a proven track record in the UAE and international markets. We have many synergies. A combination of the Al Habtoor Group and Emaar will make a very strong team.”
In recent months the UAE and Belarus have been bolstering bilateral cooperation, especially in the areas of trade and investment.