Executive Director "Buroj Property Development visited for the first time FIPA

The Director of the FIPA Agency Gordan Milinić received the CEO of „Buroj Property Development“ from Dubai, Ahmed Ismail, with whome he discussed a multi-million worth investment that this company starts realizing in May this year in the Municipality of Trnovo. The investment project called "Buroj Ozone" – tourist city will be implemented on a total area of ​​137 hectare or 1.370.000m2 of surface.

"Buroj Property Development" is operating in the field of real estate, engineering consulting, construction and trade.

Mr Ismail pointed out that Bosnia and Herzegovina is a country rich in natural resources and beauties, they overcame difficulties encountered during their first business steps, and that today Bosnia and Herzegovina is considered as safe country and as a good place to invest.

He explained that they have decided to invest in the Municipality of Trnovo, considering that this area is rich in natural resources, quality of water, air, and it is located 15 minutes away from the Olympic mountain and the airport.

Local and foreign construction companies will be involved for realization of this project, which will open their offices in Bosnia and Herzegovina, and as a consequence, will employ local people.

Mr. Ismail also said that the announcement of the project "Buroj Ozone" realization contributed to increase the number of tourists in BiH from the countries of the Gulf, and to improve the image of BiH as an investment location.

As the only major obstacle for investors from the Arab countries he pointed out the visa regime.

The project foresees construction of facilities of the commercial, residential, recreational, sports and cultural character, including horticulture and facilities of communal and social infrastructure, and spa of "Buroj ozone".

Except the presentation of the Agency’s activities, the Director Milinić said that Bosnia and Herzegovina needs more investment and new jobs, and that all activities of the Agency are oriented towards finding a job for BiH citizens, as well as assisting investor in all phases of the investment.

It was agreed that "Buroj Ozone" will be integrated in the base of the FIPA investment projects, both sides will work together on a presentation of the project and investment opportunities of BiH and all necessary information will be exchanged in order to promote projects.

After this meeting, FIPA undertakes a duty of monitoring of the implementation of the said project with the aim to provide comprehensive support and faster realization of the investment.

The meeting was also attended by Ramiz Salkić, vice president of RS.