Belarus president, Dubai ruler discuss cooperation development prospects

Other News Materials 5 March 2007 16:42 (UTC +04:00)

(BelTA ) - Prospects of developing the cooperation between Belarus and Dubai were discussed today by Belarusian head of state Alexander Lukashenko and UAE vice-president, prime minister, defence minister, ruler of Dubai Sheikh Mohammed bin Rashid al-Maktoum.

BelTA reported earlier, the Belarusian leader is paying an official visit to the United Arab Emirates on March 4-6. Today Alexander Lukashenko has also held negotiations with UAE president, Abu Dhabi ruler Sheikh Khalifa bin Zayed Al Nahyan. The leaders of the two countries shared opinions about possibilities of expanding the cooperation, primarily, the cooperation in trade, economy, and investments.

The Belarusian president stressed, the country has specific investment proposals for the emirate side to consider.

According to the Belarusian side, private investments in tourism and real estate are most promising. Hotel industry and civil engineering projects can also become prospective.

Today members of the Belarusian delegation hold bilateral meetings with emirate counterparts and partners. Several bilateral legal documents are expected to be signed in Abu Dhabi.

A representative of the Belarusian delegation informed BelTA, the possibility of exporting quarry machines to the UAE is being worked out. In 2007 BelAZ plans to ship eight 55-tonne rock haulers. Belarus believes the promotion of high-tech products such as optics, electronics, control and metering devices, laser and biological technologies onto the UAE market to be promising.

There are two joint ventures with a share of the UAE capital and one foreign-owned company in Belarus.