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Bosnia looks for $7.4B in foreign investment

Bosnia looks for $7.4B in foreign investment

Hoping to revive an economy that never recovered from the war, Bosnian business leaders will present on Tuesday 157 projects worth over (EURO)5.5 billion ($7.41 billion) to foreign investors at a major two-day conference.
The Sarajevo Business Forum will offer businessmen from mainly Muslim countries and global organizations investment opportunities into Bosnia's energy sector, food production, tourism and infrastructure.
Political leaders like Turkish Prime Minister Recep Tayyip Erdogan, Spanish Foreign Minister Miguel Angel Moratinos and leaders from the region will hold a series of meetings at the sidelines of the conference.
A peace agreement ended Bosnia's 1992-95 war but divided it along ethnic lines and left it with a confusing constitution and an entirely devastated infrastructure and economy. The country needs political stability and foreign investment to get back on its feet.


Updated : 2020-12-04 08:07 GMT+08:00