MIL OSI – Source: President of the Republic of Belarus – Press Release/Statement
Headline: Working visit to United Arab Emirates
27 October 2017
Alexander Lukashenko is in the United
Arab Emirates on a working visit. He is expected to meet
with UAE leaders to discuss the current state of Belarus-UAE interaction,
progress in implementing previous agreements, and mutually beneficial promising
projects. A number of meetings with representatives of the government and the
business circles of the country will be held.
In January-August 2017 Belarus’
export to the UAE reached $44.8 million, some 318% as against the same period
of last year. In January-June 2017 alone the UAE’s foreign direct investments
exceeded $11 million.
A credit agreement between the Development Bank of the Republic of
Belarus (DBRB) and the Khalifa Fund for Enterprise Development (KFED) was
signed on 27 October. In line with the agreement the fund will give about $25
million to the bank. The money will be spent on encouraging private
initiatives, innovations, regional projects, and new jobs in the Republic of Belarus.
Apart from that, taking into account the traditionally friendly mutual
relations the UAE leaders invited Alexander Lukashenko to spend several days in
the country as a guest.