Republic

Belarus interested in Israeli investments to redeploy industrial companies outside Minsk, Alexander Lukashenko says

Belarus is interested in investment assistance of the concern Leviev Group of Companies (LGC) in redeployment of industrial companies outside Minsk and in the development of the available areas, President of Belarus Alexander Lukashenko said during a meeting with the owner and chairman of the concern Lev Leviev in Minsk. “Participation of your concern in the projects on construction of manufacturing and social facilities is of great interest for Belarus,” the President said. “We have big plans for new constructions and modernisation of Minsk. The projects have been recently approved to construct modern and very promising area “Minsk-City”, to develop the city’s infrastructure,” he added. The head of state informed that on his order the government studied the proposals of the concern and identified promising areas of cooperation. “As you know, much is done in Belarus to create an attractive investment environment. We have been receiving many interesting proposals from foreign investors. A priority is given to those projects which provide for maximum use of own potential for addressing top-priority socio-economic tasks of our dynamically developing state in the interests of the Belarusian people,” Alexander Lukashenko said. “We have carefully studied the proposals of the Israeli concern headed by Mr Leviev,” he added. The Leviev Group of Companies is a major international holding company which has a rich investment experience. LGC head Lev Leviev is considered to be the richest man in Israel. The concern has vast financial recourses. Last year its turnover was estimated at more than $3 billion, of them $1 billion was generated by the diamond business. The concern incorporates the world’s second large distributor of rough diamonds L.L.D. Diamonds Ltd. LGC is also involved in jewelry production, construction, management, real estate, power engineering, textile, tourism, communications, mass media and IT. LGC companies operate in Russia, Armenia, Angola, Namibia, the Republic of South Africa, Israel, the USA, China, India, Romania, the Czech Republic, Bulgaria and Serbia. LGC is the largest shareholder of Africa Israel Investment Ltd. specializing in development, construction and management of various real estate projects all around the world. It owns more than 100 shops in 30 Russian regions.