Serbia sealed an agreement with an Abu Dhabi investor on Sunday for a multi-billion-dollar, Dubai-style riverside development that has drawn fire from some Belgraders worried about the scale and cost of the project.
Lawmakers in Serbia gave the green light to a riverside development project in Belgrade, bankrolled by an Abu Dhabi investor but deeply dividing residents of the capital.
Developers hope to break ground on Belgrade Waterfront this
The vista of rusting boats and drab wasteland that greets visitors passing over the river Sava into Belgrade is set to be transformed into a futuristic forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split.
Serbia has unveiled plans to redevelop the Belgrade waterfront, aiming to make the capital a tourism and business hub, in a controversial 3 billion euro ($4.08 billion) scheme that will be funded by cash from Gulf investors.
WTS Energy, a leading manpower supply company to the oil, gas and energy industry, has opened offices in Belgrade (Serbia) and Maputo and Pemba (Mozambique).
With their expanded network, WTS Energy will be able
Serbia has signed an agreement for a $1 billion loan from Abu Dhabi, the emirate's Department of Finance said on Thursday, boosting the Balkan country's drive to find investors from outside the euro zone.
Serbian Finance M
The desert states of the Gulf are changing tack in their multi-billion dollar search for food security.
With their farming projects in some of the poorest African nations sometimes arousing local hostility, wealthy Arab investors
International exhibitors have increased by 26 per cent at the 33rd edition of Gitex Technology Week, as compared to last year.
A total of 61 countries are present, including new countries like Belarus, Brazil, Finland, Kenya, Lith
Serbia's Deputy Prime Minister Aleksandar Vucic plans to travel to the UAE next week to negotiate terms of a 2-3 billion euro ($2.7-4 billion) loan seen as crucial to the country's financial stability.
A top Serbian official said on Thursday he had asked the United Arab Emirates for a low-interest, long-term loan to repay some of the country's debts and invest in its ailing economy.
Serbia's economy is expected to grow a