Wednesday, August 27, 2008

PROMINENT KUWAITI BUSINESSMAN TO INVEST 250 MILLION BOSNIAN MARKS IN BIHAC

BIHAC, Bosnia (August 27,2008) - A presentation took place in the western Bosnian city of Bihac today, of an office and residential complex that Kuwaiti businessman Al Zamel is to build in the Luke area of the city.

A local official has given his formal consent to the urban plan for the project to Mr. Waleed M. Al Zamel, one of the owners. The one-of-a-kind project in Bosnia is estimated to be worth 250 million Bosnian Marks.

Novi Bihac (New Bihac) will consist of a residential area with 410 apartments, a ten-storey office building and a hotel with the same number of stories. A four-storey shopping centre will be on the area of 38,000 square metres. This is the biggest foreign investment so far in Bihac and the Una-Sana Canton.
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