UAE property tycoon withdraws from sanctions-hit Belarus, collaborates with Kushner


  • World
  • Sunday, 07 Apr 2024

FILE PHOTO: Belarusian President Alexander Lukashenko attends a meeting of the Supreme State Council of Russia-Belarus Union State in Saint Petersburg, Russia, January 29, 2024. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS

(Reuters) - The Emirati real estate developer behind Dubai's signature skyscraper, the Burj Khalifa, has initiated the sale of property assets he owns in Belarus, a country targeted by Western sanctions, according to two people familiar with the matter, as he collaborates with Jared Kushner on a possible investment in Serbia.

Mohamed Alabbar, the Emirati real estate tycoon, has reached a preliminary agreement to sell his interests in a multi-billion-dollar property development in Minsk, the capital of Belarus, through his Symphony Global Holdings investment vehicle, the people familiar with the matter said.

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