At Sarajevo Business Forum (SBF), second international investment conference organized by Bosna Bank International and Islamic Development Bank Group (IDB) 153 projects were presented during three days worth 14.7 billion euros.

Director of BBI Amer Bukvic during the final discussion today assessed that this-year’s Sarajevo Business Forum was successful and that it opened the new process of analysis and negotiations with investors, whose results will be seen in the next few months.

Within the Forum, president of Islamic chamber for trade and industry Sheikh Saleh Abdullah Kamel said he will do everything for Saudi investors to invest 50 million dollars in BiH until the next Forum.

A Korean company was also interested in investing in the mine and thermal power plant Banovici, and the agreement with Saudi Fund for development was signed today on allocation of 35 million KM loan for building of circular junction in Zenica.

Fuad Kasumovic, deputy Minister of Finance and Treasury of BiH, stated it is the most favorable credit loan for BiH because the Fund does not condition BiH side and participation of local companies in the project is possible as well.

“We applied for two more projects and I hope they will be approved. There is also 18 million dollars for sustainable return and four million euros for Srebrenik municipality”, Kasumovic said.

Protocol on cooperation was signed today as well between the Faculty of Economics in Sarajevo and Union of chambers of commerce of Turkey, memorandum of understaning between Euroasfalt company and a company from Abu Dabhi and memorandum of agreement on cooperation between Adil Trading company from UAE and Farmacija Tuzla.

There are certain initiatives for businesses, i.e. for investments in BiH with some companies from other states such as China and Japan, but the results will be seen until next Forum.

Over 300 local and foreign investments took part as well as great number of guests from Turkey, Serbia, Croatia, Montenegro, Macedonia, Saudi Arabia, Bahren, Qatar, China, Japan, USA, Russia, Georgia, Azarbaijan, Malaysia, United Arab Emirates, and some other states.