On 1 July the Chairman of Minsk City Executive Committee Nikolai Ladutko met the Executive Director of the State General Reserve Fund of the Sultanate of Oman Mr. Warith Mubarak Al-Kharusi, "Minsk-News" Agency correspondent reports. The sides discussed issues pertaining to the implementation of the Decree of the President of the Republic of Belarus of 01.03.2010 № 93 "On condition for construction of a multipurpose complex in Minsk within the boundaries of Kupala – M.Bogdanovich streets – the River Svisloch" and exchanged investment agreements.
The multipurpose complex will be built on the designated territory by "Arol Properties Four" Foreign Limited Liability Company. The building of the project will be invested by the State General Reserve Fund of the Sultanate of Oman.
Nikolai Ladutko pointed out that luxurious residential apartments, a five-star hotel and shopping centers will be built in the center of Minsk. There will also be so called area of art where folk handicrafts will be exhibited, sculptures will be installed.
According to the Chairman of Minsk City Executive Committee the project will transform the historical part of the capital. However, N.Ladutko stressed that the buildings of the Second Municipal Hospital representing architectural and historical value will remain. They will be rebuilt and renovated. It is planned that the development of the project will start next year.
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