Business news

DOHA, 30 October (BelTA) – The Development Bank of the Republic of Belarus (DBRB) intends to partner with the Qatar Investment Authority (QIA), BelTA learned from DBRB Chairman of the Board Sergei Rumas in Doha on 30 October.

“It is a very large investment fund that manages assets as large as roughly $250 million. We intend to become a partner of the Qatar Investment Authority in Belarus,” said Sergei Rumas. “During negotiations we intend to arrange a presentation of the Development Bank of the Republic of Belarus and invite the agency to invest in our financial instruments. We would also like to be a partner of the Qatar Investment Authority when the agency implements any projects in Belarus including infrastructure projects and commercial ones.”

In his words, representatives of the Qatar Investment Authority have already been to Belarus. They were offered a number of investment projects. “Since Qatar buys a lot of products made by Belarusian woodworking companies, we would also like to discuss investing in the woodworking industry,” added the NBRB Chairman of the Board.

Speaking about the intended signing of the memorandum on cooperation with the Development Bank of Qatar, Sergei Rumas noted that the document would become the first step towards establishing long-term cooperation between the partners.