Sheikhs are retreating from the Balkans - they promised cities but are building nothing

Telegraf 13.08.2019

The media often point to the project of the residential settlement Buroj Ozone on Mt. Bjelasnica, some twenty kilometers from Sarajevo, which has not progressed despite numerous announcements made by investors

The enthusiasm regarding Arab investment in Bosnia and Herzegovina, which was particularly pronounced three to four years ago, has subsided strongly, while capital inflow from these countries has been very modest over the past two years, according to the Sarajevo-based website Indikator. The Central Bank of Bosnia and Herzegovina's foreign direct investment statistics show that a total of KM 717.6 million has been invested as of 2018 from three key Arab countries

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