FIPA Activities

Americans set up Free Zone in BiH

1/29/2018

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-American company AMG International from Los Angeles visited FIPA

The Director of American company AMG International Trading & Investment from Los Angeles Neil Hamz and his associates visited the Foreign Investment Promotion Agency of BiH (FIPA) where with the Director Gordan Milinić he talked about the intentions to invest in Bosnia and Herzegovina.

The investor is interested in investing in different areas, but he would start his investment by establishing his own Free Zone on the surface of 30,000m2, from which the production would be exclusively intended for export. The investor expressed willingness to invest in BiH from 10 to 100 million dollars.

Accompanied by representatives of the FIPA, the USA investor will visit potential locations in BiH for his future investment, and will, after the site analysis, make the final decision.

The company was initially established in the Middle East in 1958. It moved its headquarters to the United States in 1988, while retaining its offices in the Middle East, Africa and Eastern Europe. The company deals in industrial production, international trade, production facilities management, etc.

In addition to the US, he has production facilities in Saudi Arabia, UAE, Morocco, Lebanon, Libya, and Iraq.

FIPA will take all necessary measures to present to the investor all existing projects in BiH, with the inclusion of all competent institutions for the successful realization of the investment.

 

 

Testimonials & Success Stories
 

Global Investment Promotion Best Practices 2012 of the World Bank has cited one example of support that FIPA provides to foreign investors who are running business in Bosnia and Herzegovina in order to contribute to increase the flow of foreign capital in the country.

The article said:  

„The Foreign Investment Promotion Agency (FIPA) of Bosnia and Herzegovina was an early convert to the idea of providing facilitation services to agribusiness investors as a way to maximize the positive impact of agriculture on the economy.

In 2007, for example, FIPA assisted a Dutch food processing company establish a US$1.6 million production facility to process unused milk ingredients into value-added products in Sarajevo to sell to markets in Eastern Europe and the Middle East.

As part of its aftercare program, FIPA assisted the company with its expansion plans. Among other things, the agency helped facilitate veterinary permissions, navigate various bureaucratic hurdles and played an important role in securing funding for the company’s expansion. It also helped develop a network of local suppliers and customers. As a result of these efforts, the Dutch investor developed stronger links with the Bosnian economy, thus increasing the positive spillover effects on the local economy.

Currently a new investment to establish a drying facility for milk powder is under way. This will further expand the processing facilities of unused milk ingredients. This additional planned investment is worth approximately US$2.8 million, thus nearly trebling the company’s original investment in the country“.

 

FIPA Activities

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