FIPA Activities

Visit of the CSCEC - China State Construction Engineering Corporation Ltd.

7/24/2018

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The delegation of the respected company China State Construction Engineering Corporation - CSCEC from China, headed by the Deputy Director General Tang Hao visited the Foreign Investment Promotion Agency of BiH (FIPA) in order to get information on the work and activities of the Agency and the possibilities for investing in projects in Bosnia and Herzegovina.

CSCEC is ranked 4th on the list of the largest companies in China and has about 300,000 employees. It is one of the largest investment and construction companies operating in 129 countries around the world.

CSCEC's business is based on the development, design, design and investment of real estate, infrastructure and energy.

In 2017, the company was ranked 24th in the "Fortune Global 500" in the world and the 3rd in the "Fortuna China 500" in China.

The Representatives of FIPA, led by the Director Gordan Milinić, informed the company's managers on the work and activities of the Agency in attracting potential investors, on the legislation, rights and obligations of foreign investors, as well as on current investment projects and investment locations from the FIPA database of existing projects, as well as on services provided by FIPA to investors within the Aftercare Programme of Post-Investment Cooperation.

It was noted that this Chinese company considers Bosnia and Herzegovina as challenging investment destination and in the following period they are considering the possibility for investing in potential infrastructure projects in our country, roads, bridges, airports and ports, and they are also interested in energy projects.

It was agreed that FIPA provide full support to this gigantic company, and organize meetings with project holders and competent ministries, immediately after the selection of projects.

 

Testimonials & Success Stories
 

Global Investment Promotion Best Practices 2012 of the World Bank has cited one example of support that FIPA provides to foreign investors who are running business in Bosnia and Herzegovina in order to contribute to increase the flow of foreign capital in the country.

The article said:  

„The Foreign Investment Promotion Agency (FIPA) of Bosnia and Herzegovina was an early convert to the idea of providing facilitation services to agribusiness investors as a way to maximize the positive impact of agriculture on the economy.

In 2007, for example, FIPA assisted a Dutch food processing company establish a US$1.6 million production facility to process unused milk ingredients into value-added products in Sarajevo to sell to markets in Eastern Europe and the Middle East.

As part of its aftercare program, FIPA assisted the company with its expansion plans. Among other things, the agency helped facilitate veterinary permissions, navigate various bureaucratic hurdles and played an important role in securing funding for the company’s expansion. It also helped develop a network of local suppliers and customers. As a result of these efforts, the Dutch investor developed stronger links with the Bosnian economy, thus increasing the positive spillover effects on the local economy.

Currently a new investment to establish a drying facility for milk powder is under way. This will further expand the processing facilities of unused milk ingredients. This additional planned investment is worth approximately US$2.8 million, thus nearly trebling the company’s original investment in the country“.

 

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