On the implementation of an investment project in Minsk

On 13 May Belarus President Aleksandr Lukashenko signed Decree No. 186 “On the implementation of an investment project in Minsk”.

The document sets forth the terms for the construction of the Northern Waterfront experimental multifunctional complex in the northern part of the city within the boundaries of the Minsk Ring Road, Pobeditelei Avenue, Orlovskaya Street and Tsnyanskoye Reservoir by Riverside Development Holdings Limited (United Arab Emirates).

In line with the decree, 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.

The first to be built will be the International Exhibition Center, the Institute of Artificial Intelligence, the Minsk World Trade Center.

The investment project will be implemented in 2021-2040. The investor will allocate more than Br10 billion for these purposes.