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Serbia: Serbia: Arab and EAU investors very active, Belgrade

2013/08/01

Serbian Investment and Export Promotion Agency (Siepa) director Bozidar Laganin said that Arab investors were very active in Serbia and added that he was expecting to see contracts signed with companies from the United Arab Emirates in a little while.

"The projects they are interested in and which are being implemented are extremely complex – they simply require a certain all of time, but there has really been no indication that they will be put off or not carried out," Laganin said.

Asked about the evolution of talks with the Abu Dhabi-based Mubadala Development Company, Laganin replied that the project was in the preinvestment phase, stressing that "it is a technologically extremely complex and demanding project that cannot receive concrete decisions in a short time".

The estimated price of the investment in a microchip plant, according to Laganin, is USD 4 billion, while similar factories exist in the U.S., in New York, and Dresden, Germany.

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