Saudi companies to invest USD 50mn in Bosnia.

By bne IntelliNews April 7, 2011
Saudi investors will invest some USD 50mn (KM 68.4mn) in the Bosnian economy in a year, Nezavisne Novine daily reported, quoting Saudi commerce chamber chairman Sheikh Saleh Abdulah Kamel as saying stated during the Sarajevo Business Forum. The 3-day forum, which began on April 6, attracted some 300 local and foreign investors. A total of 153 projects worth a combined EUR 14.7bn were announced by the participants at the event. The main sectors in which the pledged investments will be spent are tourism, infrastructure, energy, agriculture, wood industry, finance, and education.

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