UAE Consul General visited FIPA: Strengthening Economic Ties and New Investments

The Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) Marko Kubatlija received the Consul General of the United Arab Emirates in Bosnia and Herzegovina, Mr. Ahmed Saif Mohammed Ali Alshamsi. 

During the meeting, they discussed improving economic relations between the two countries, possibilities for inter-institutional cooperation with the aim to promote the country and attract foreign investments.

Director Kubatlija informed the Consul about the current economic cooperation between the two countries, emphasizing that foreign direct investments from the United Arab Emirates as of December 31, 2024 amounted to BAM 582,8 million, making them the 11^th most important investors in BiH.

The share of investments from the UAE, as of December 2024, is 2.7% in the total FDI in BiH, while the largest amount of investments is realized within the real estate business, or 55%.

Some of the investments are : BBI Bank, Zeraa Agriculture Investment, Sunnyland, Capital Holding d.o.o. Sarajevo, and others.

Consul Alshamsi highlighted the interest of UAE companies in investing in the fields of clean energy, eco-food production, technology, emphasizing that the joint UAE-BiH commissions will open the door to more significant cooperation between the two countries.

The visit of the Consul General to FIPA represents an important step towards deepening bilateral cooperation and opening new opportunities for investments that can contribute to the development of the BiH economy, creating jobs and strengthening international business ties.