FIPA Activities

A delegation of businesspeople from the Kingdom of Saudi Arabia visited FIPA

5/22/2025

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The Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) Marko Kubatlija received a delegation of representatives of institutions and businesspeople from the Kingdom of Saudi Arabia, led by Abdulaziz Alsakran, Head of the International Cooperation Sector of the Chamber of Commerce.

The meeting was focused on possibilities for strengthening economic cooperation between the two countries.

Director Kubatlija informed the attendees that the Kingdom of Saudi Arabia has invested 201.1 million EUR in Bosnia and Herzegovina so far, and that it is thus ranked 13th on the list of countries, the most significant foreign investors in BiH, with a share of 2% in total investments. Around 50% of investments were made in the real estate business, followed by the banking and tourism sectors.

The most significant investments are: Bosna Bank International d.d. Sarajevo (BBI), BBI Real Estate d.o.o. Sarajevo, Al Shiddi Group, Malak Group and others.

He pointed out that the Agency successfully cooperates, among other, with the diplomatic and consular network of BiH in the world in promoting the potential of Bosnia and Herzegovina, and that this visit is also the result of joint efforts of the competent institutions of Bosnia and Herzegovina in the field of attracting foreign investments.

Abdulaziz H. Alghifaili, representative of the Ministry of Investment of the Kingdom of Saudi Arabia, stated that businesspeople from this country are interested in investing in Bosnia and Herzegovina, which will be discussed in more detail in the coming period.

The business delegation is on a three-day visit to BiH, with planned participation at the Sarajevo Business Forum 2025, within which round tables on investment opportunities in BiH will be held.

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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