Saudi investors voted to begin investing in Bosnia with a starting capital of $50 million. Turkey announced that it will extend credit lines for infrastructure projects.
The Islamic Development Bank (IDB), Al Baraka BARKA.BH banking group and other Saudi investors have formed a joint investment company for Bosnia that tries to help Bosnia in its process of development.
IDB Group President Ahmad Mohamed Ali has invited the business communities from IDB member countries to take part in the Sarajevo Business Forum 2011 in Sarajevo, Bosnia and Herzegovina.
The forum will offer businessmen an opportunity to network and establish business relations with their counterparts in Bosnia & Herzegovina, Croatia, Serbia, Slovenia, Montenegro and Macedonia, Ali told a press conference organized on the sidelines of Jeddah Economic Forum at the Jeddah Hilton on Monday.