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9 Mar 2015

Dana Holdings to represent Belarus at civil engineering expo in Cannes

MINSK, 9 March (BelTA) – The group of companies Dana Holdings, which is in charge of implementing the projects Minsk Mir, Minsk Lighthouse, and other ones that are recognized in Belarus and abroad, will represent Belarus at the major international real estate show MIPIM that will take place in Cannes, France on 10-13 March, BelTA learned from Gary Burrows, Deputy Director of the company IOOO Zomex Investment, which is part of Dana Holdings.

Representatives of Dana Holdings explained that the MIPIM expo is as important in the field of real estate and investments as the Cannes Film Festival in the field of cinema art. MIPIM gathers the planet’s largest and most prominent real estate developers and investors.

Dana Holdings has been representing Belarus at MIPIM since its foundation in 2008. Every year the expo gathers about 2,000 companies, over 4,000 investors, and 20,000 visitors. These figures increase year after year, the geography of participants expands as well as the area occupied by the expo. In 2014 the international expo occupied 19,400m2 to represent 93 countries.

Following the established tradition, Dana Holdings will use the Belarusian booth to present its projects and capabilities of Belarus’ entire civil engineering industry. Dana Holdings representatives will be available to answer questions of potential investors. During the expo a reception involving Ambassador of Belarus to France Pavel Latushko will be arranged. The Ambassador will outline the investment potential and appeal of Belarus. Gary Burrows noted that “Invest in Belarus!” may be the central idea of the Dana Holdings booth. “We speak about excellent opportunities for foreign investors in Belarus and back it up with the example of our largest foreign investment and construction company. Working in Belarus, foreign investors get a direct access to the huge market of the Eurasian Economic Union, the well-developed infrastructure, and qualified workforce. In Belarus investors are granted preferences and guarantees, which are hard to come by in other countries. For instance, investors are granted state guarantees of the full reimbursement of bank deposits regardless of their size and the currency of the deposit. Nothing like that is available anywhere else”.

On the whole, Dana Holdings views Belarus as a country with a huge investment potential and a business climate with an excellent reputation. The group of companies expects that the negotiations to be held during the expo will result in signed contracts that will allow raising additional money and attracting new players to the Belarusian real estate market.

Dana Holdings (Switzerland) is an international investment and civil engineering group of companies that has been operating in Belarus since 2006. It is one of the country’s largest real estate developers. The group of companies is widely recognized in the post-Soviet space. The holding company started construction projects back in the 1980s during the USSR time. Later on the group implemented a number of major projects in the CIS states, including Russia, Belarus, and Turkmenistan. In Belarus Dana Holdings is represented primarily by three main divisions: IOOO Dana Astra, IOOO Zomex Investment, and SOOO Belinte-Roba. The group of companies is busy building multifunctional complexes in the city of Minsk such as Minsk Lighthouse (Minsk Mayak), Minsk Mir, Vivaldi, Chaikovsky, Rakhmaninov and other ones. At present Dana Holdings’ portfolio of investment projects and construction projects includes over 9 million m2 of real estate with the total value of $27 billion.

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