Chairman Zvizdić Talks with SAGIA Governor

Chairman of the Council of Ministers of BIH Dr Denis Zvizidć talked in Sarajevo with Governor of the State Saudi Investment Fund (SAGIA) Ibrahim Al Omar on future economic and investment cooperation. 

Chairman Zvizdić informed Governor Al Omar on economic and investment capacities of our country. He emphasised five key development sectors to which Bosnia and Herzegovina seeks foreign investments, and these are energy, transport, industry, agriculture and tourism. He added that a special interest of Bosnia and Herzegovina is to invest in new technologies and start-ups so that young people may have jobs, realise their ideas and link their future to their homeland Bosnia and Herzegovina.

Chairman Zvizdić said that the Council of Ministers of BIH have carried out numerous reforms  over the past period of time aimed at improvement of business environment, and added that foreign investments experiences in Bosnia and Herzegovina is very affirmative, since the majority expressed their intention to enlarge the production in BIH.

Governor Al Omar informed Chairman Zvizdić that the Kingdom of Saudi Arabia is in the process of setting-up one of the largest global investment funds. He said that there is an interest for expanding economic cooperation with BIH, as well as for the increase of Audi investments in BIH. He added that the facilitation or lifting of visa regime for Saudi citizens would considerably facilitate business making and would lead to notable increase of investments in BIH.

They discussed possibilities for making bilateral agreements on investment protection and double taxation avoidance.

Chairman Zvizdić thanked to the Kingdom of Saudi Arabia for support and assistance extended thus far to Bosnia and Herzegovina.

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