FIPA Activities

Prince of Jordan visited FIPA

11/16/2016

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-Interest in investing in solar energy in BiH was expressed

The Deputy Director of the Foreign Investment Promotion Agency of BiH (FIPA) Blaženka Mišković and her associates received HRH Prince of Jordan Mohammed Abbas Bin Ali, accompanied by several advisers and two businesspeople from Libya.

As a representative of the US Company Eco-Gen Energy, Prince Bin Ali was interested in possibilities for investing in solar energy in BiH, presenting a system of the solar energy production with hybrid generators using lithium-ion batteries, which significantly contributes to energy efficiency and reducing electricity costs. He was also interested in the electricity market, electricity export and price.

Representatives of the Alrabeea Group which produce foams and mattresses, cotton and diapers, and within which operates the factory for the production of all kinds of sandwich panels, have expressed interest in investing in the wood sector of Bosnia and Herzegovina, respectively in the production of furniture.

The FIPA representatives provided guests with the required information related to the electric power sector, stressing the readiness of FIPA to help in establishing contacts with the relevant institutions in the energy sector in BiH, as well as to offer any other support for the investment realization.

Currently available projects in the area of ​​the wood sector were presented, as well as information related to the privatization process 2016.

FIPA remains in contact with these investors to provide additional support and information.

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“.

 

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