FIPA Activities

The FIPA Director visited the Municipality of Šipovo

9/7/2016

The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić with his associates visited the Municipality of Šipovo and met with the Mayor Milorad Ćirko and associates.

The meeting was focused on opportunities for investing in this area. It was proposed the project of the construction of gypsum plant, mini-hydro power plants, coal mine, tourist accommodations, bottled water, livestock and food production, and a factory for final wood processing.

The wealth of natural resources makes exceptional basis for tourism in Šipovo such as: springs, rivers and lakes, clean air, mountains, forests, healthy food, hunting and fishing, fly-fishing, hiking and rafting. The Municipality also has a large amount of mineral resources (bentonite 2,170,000t; gypsum 1,500,000t; dolomite 2,735,780 m3.), uncultivated agricultural land (22,083 ha), as well as forest land (22,399 ha). Rivers Pliva and Janja and smaller rivers Sokočnica, Lubovica, Volarica source and flow through the territory of Šipovo, and therefore represent a good basis for the construction of mini-hydropower plants and water bottling. It was also discussed on the business zones and facilities suitable for brownfield investments.

The FIPA Director Gordan Milinić informed the participants about the activities of the Agency, as well as the possibilities of cooperation on presenting potential of Šipovo to potential foreign investors.

He stressed that the main objectives of FIPA is bringing as much as possible foreign investors, creates new jobs and significantly increases the inflow of foreign direct investments. Therefore, the Agency has intensified its work and launched activities on updating the database of investment projects where will be included projects of Šipovo.

It was agreed that the Municipality prepares projects, including initiatives of public and private sector and forwards them to the Agency, which will try to make contacts with foreign investors.

After the Conference entitled "Project of Energy Efficiency by Application of Cogeneration from Biomass," held on 19 July 2016 in Sarajevo, organized by FIPA and the firm Alfa Invest, representatives of the Municipality talk with Italian investors and analyse possibility of investing on the basis of which the Municipality would produce heat and the electrical energy, which would contribute to improving the economy situation and creating new jobs.

 

 

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