The United Arab Emirates has now invested over $4 billion in Belarus, marking a new high in their expanding economic relationship. According to Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, the UAE is now among Belarus’s top three foreign investors. The growing partnership reflects a shared ambition to boost cooperation in key sectors and strengthen long-term strategic ties.
Speaking at the opening of the Minsk International Exhibition Centre, Al Zeyoudi said Emirati investments span defence, technology, hospitality, and urban development. He also highlighted a surge in interest from Emirati companies targeting the food and industrial sectors, where Belarus offers strong production infrastructure and skilled expertise.
Free Trade Agreement Nears Final Stage
Dr. Al Zeyoudi confirmed that talks on a free trade agreement with the Eurasian Economic Union (EAEU) have been completed. The agreement, focused on trade in goods, is expected to be signed soon in Minsk. A second agreement covering services and investments is also complete and undergoing legal review.
“These agreements will help accelerate trade flows and unlock new opportunities,” Al Zeyoudi said. He called for more institutional cooperation and the creation of business councils and delegations to build on this momentum. Plans are underway for the next UAE-Belarus Joint Economic Committee meeting, which will be held later this year.
Smart Economic City Project Launched
The new Minsk International Exhibition Centre—backed by UAE investment—marks the start of the Northern Waterfront project. This development aims to create a smart economic city in Belarus, with a focus on tourism, technology, and modern infrastructure.
“This is a major step in the UAE’s global investment strategy,” Al Zeyoudi noted. “It reflects our commitment to long-term development and innovative partnerships.” The project highlights the UAE’s ability to scale its presence in international markets, using technology-driven platforms to stimulate economic growth abroad.
The minister also stressed that Belarus’s advanced workforce and production capabilities offer real potential for Emirati firms. These strengths make the country a key partner in sectors driving the new economy.
