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.

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more