UAE Strengthens Economical Bonds with Belarus as Investments Exceed $4 Billion Mark
The United Arab Emirates (UAE) and Belarus have bolstered their economic ties substantially, with investments from the UAE in Belarus surpassing $4 billion across critical sectors such as defense, technology, hospitality, and urban development. This strategic partnership was underscored during the unveiling of the Minsk International Exhibition Centre.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, emphasized the UAE's role as one of Belarus' top three investors and highlighted the evolving relationship as a substantial leap in bilateral cooperation. He noted the growing Emirati interest in Belarus's food and industrial sectors, attributed to the Eastern European nation's robust production capabilities and skilled workforce.
In a significant development, Dr. Al Zeyoudi announced the completion of negotiations for a free trade agreement on goods with the Eurasian Economic Union, with the signing anticipated in the near future. In parallel, a bilateral agreement on services and investments is approaching finalization, currently undergoing legal review.
Stressing the importance of this partnership, Al Zeyoudi advocated for increased institutional and sectoral collaboration, including the establishment of business delegations, councils, and a new session of the joint economic committee scheduled later this year.
The Minsk International Exhibition Centre, built with Emirati investment, signifies the initial phase of the Northern Waterfront project – a visionary smart economic city designed to boost tourism and technological investment. According to Al Zeyoudi, this initiative underscores the UAE's expanding influence in global markets and its long-term strategy for sustainable economic engagement on a international scale.
This enhanced cooperation between the UAE and Belarus marks a new chapter characterized by mutual growth, shared opportunities, and expanding global influence.
- The future of this strategic partnership between the United Arab Emirates (UAE) and Belarus may include substantial growth in sectors such as tourism and technological investment, as seen in the visionary smart economic city, the Northern Waterfront project.
- In the realms of trade and finance, the UAE is aiming to sign a free trade agreement with the Eurasian Economic Union and complete a bilateral agreement on services and investments with Belarus.
- In the context of business, the UAE is looking forward to increased collaboration with Belarus, including the establishment of business delegations, councils, and the resumption of the joint economic committee sessions.
- Dr. Thani bin Ahmed Al Zeyoudi underscored the $4 billion Emirati investments in Belarus across critical sectors like defense, technology, hospitality, and urban development, highlighting a particularly strong interest in Belarus's food and industrial sectors.
5.With the completion of the Minsk International Exhibition Centre, a symbol of their growing partnership, the UAE's influence in global markets is expanding, aligning with its long-term strategy for sustainable economic engagement on an international scale.
- The growing economic ties between the UAE and Belarus, marked by significant investments and strategic agreements, promise a promising future for both nations, characterized by mutual growth, shared opportunities, and expanding global influence.
