The Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) Marko Kubatlija received a delegation of representatives of institutions and businesspeople from the Kingdom of Saudi Arabia, led by Abdulaziz Alsakran, Head of the International Cooperation Sector of the Chamber of Commerce.
The meeting
was focused on possibilities for strengthening economic cooperation between the
two countries.
Director
Kubatlija informed the attendees that the Kingdom of Saudi Arabia has invested
201.1 million EUR in Bosnia and Herzegovina so far, and that it is thus ranked
13th on the list of countries, the most significant foreign investors
in BiH, with a share of 2% in total investments. Around 50% of investments were
made in the real estate business, followed by the banking and tourism sectors.
The most
significant investments are: Bosna Bank International d.d. Sarajevo (BBI), BBI
Real Estate d.o.o. Sarajevo, Al Shiddi Group, Malak Group and others.
He pointed
out that the Agency successfully cooperates, among other, with the diplomatic
and consular network of BiH in the world in promoting the potential of Bosnia
and Herzegovina, and that this visit is also the result of joint efforts of the
competent institutions of Bosnia and Herzegovina in the field of attracting
foreign investments.
Abdulaziz
H. Alghifaili, representative of the Ministry of Investment of the Kingdom of
Saudi Arabia, stated that businesspeople from this country are interested in
investing in Bosnia and Herzegovina, which will be discussed in more detail in
the coming period.
The business
delegation is on a three-day visit to BiH, with planned participation at the
Sarajevo Business Forum 2025, within which round tables on investment
opportunities in BiH will be held.