FIPA Activities

FIPA welcomes AlRajhi Family Investments to Bosnia and Herzegovina: A New Era for Real Estate Development on Trebević

12/16/2024

The Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) led by the Director Marko Kubatlija hosted a meeting with representatives of SAAR d.o.o. Sarajevo and Fahad Holding, marking a significant milestone for international investment in the country.

With the support of the globally renowned ALRajhi family, these two distinguished investors presented the Foresta Project, an innovative condominium development currently under construction on the picturesque slopes of Trebević, near Sarajevo.

SAAR d.o.o. Sarajevo, led by AlRajhi family, is a cornerstone of their international investment portfolio. AlRajhi family, among the wealthiest and most respected families in the Middle East, has a long-standing reputation for excellence in sectors such as banking, real estate, and philanthropy. Their involvement in Bosnia and Herzegovina reflects a growing confidence in the country’s potential as an investment destination.

Fahad Holding, another key partner in the Foresta Project, brings decades of expertise in diverse industries, including real estate, construction, and hospitality. With a proven experience of delivering large-scale, high-quality developments projects, Fahad Holding’s participation underscores the credibility and transformative potential of the Foresta Project.

The director of Kubatlija expressed his gratitude for the investor's visit and pointed out that he is honored to support such serious and visionary investors. The Foresta project is not only a testimony to the potential of Bosnia and Herzegovina as an investment destination, but also a gateway to future high-profile ventures in our country," said Mr Kubatlija.

The investors were represented by Homoud AlHabeeb, Director of SAAR d.o.o. Sarajevo, and regional manager for different businesses sectors in Europe and Africa, Mr. Minet Musić, CEO of MM Real Estate, who is leading the sales efforts for the Foresta Project.

This investment represents strategic entry of investors into Bosnia and Herzegovina’s growing real estate market, showcasing their confidence in the country’s economic potential.

This collaboration between FIPA, SAAR d.o.o., and Fahad Holding signifies a new chapter for Bosnia and Herzegovina. The Foresta Project represents the first step in a broader strategy to attract and retain global investment, creating opportunities for local communities and strengthening the country’s position as a prime investment destination.

FIPA reaffirms its commitment to supporting innovative and impactful projects like Foresta and welcomes future opportunities to work with distinguished investors from around the world.

More information about Foresta Project could be found at www.fipa.gov.ba

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