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FINANCIAL NEWS
UAE to become key investor in Serbia: Ministers
13 Jan 2013
(MENAFN) Serbian government ministers expected the UAE to become a key investor in their country, Reuters reported.
The oil-rich Gulf state is set to invest hundreds of millions of dollars in the Balkan country, the ministers said.
The announcement came as the country seeks to attract investors from the east to offset waning interest from crisis-hit Europe, and the Middle Eastern cash will add to finance already coming from Russia and China.
The UAE will sign a USD132 million arms deal with Serbia in the coming days, Beta news agency quoted Defence Minister and Deputy Prime Minister Aleksandar Vucic as saying.
Speaking after a three-day visit by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, Vucic said two other defence contracts would follow by the end of the month.
He added that the Gulf nation was also interested in erecting an “exclusive building” on the location of the former army headquarters in downtown Belgrade.
Serbian daily Blic sited Finance Minister Mladjan Dinkic as saying that he was about to sign a joint investment deal with Abu Dhabi’s Al Dahra agricultural company for eight Serbian farm cooperatives worth some USD132 million.
He also said the the UAE might invest in Serbia’s JAT Tehnika aircraft maintenance company.
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