Official Website of the Republic of Belarus
11th Yuri Bashmet International Music Festival
Investment

Belarus Events Calendar
Belarus’ Top Tourist Sites
UNESCO World Heritage Sites in Belarus
Belarusian sanatoria and health resorts
Souvenirs from Belarus
| Home

Construction case studies in Belarus

A case study that exemplifies that growing construction opportunities in Belarus:

Minsk City

The opportunities for investment in the construction and infrastructure sectors in Belarus are exemplified by the ambitious Minsk City development.

The US $7 billion project will see 318 hectares of Minsk turned into a new ‘city within a city’ with thousands of new apartments built, along with offices, schools, hospitals, shops, parks and leisure centres and supporting infrastructure.

The project is led by Russian construction firm ITERA, advised by real estate consultancy Colliers International, and is offering annual returns of 35% to investors. ITERA expects to provide up to 20% of the US $7 billion with its own funds and has started to clear the sites in preparation for construction while talking to banks to raise more money.

When Minsk City is completed, due in 2020, around 60,000 people are expected to live or work in the development.

The government has supported the project by waiving contract fees, profit tax until 2013, and import taxes on equipment and materials.

These initiatives are a sign of Belarus’ desire to attract foreign investment, said Sergey Keeselev, director of Minsk City, “Over the past few years the government has been very attentive to each investor and has worked individually with them to meet their specific needs,” he said.

5th All-Belarusian People’s Congress
Draft program for Belarus’ social and economic development for 2016-2020
Belarus parliament elections 2016
Great Patriotic War monuments in Belarus
Redenomination in Belarus: new money
Toll roads in Belarus