By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: “Bosnia’s Spring:” Arab Investors to invest Millions (gallery and video)
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BH TOURISM > “Bosnia’s Spring:” Arab Investors to invest Millions (gallery and video)
BH TOURISM

“Bosnia’s Spring:” Arab Investors to invest Millions (gallery and video)

Published: December 15, 2015
Share
SHARE

[wzslider autoplay=”true”]As tourists from the Persian Gulf who are looking for where to book their next holiday and escape from the summer heat and high temperatures, Arab investors are offering an interesting destination: B&H.

Looking for new trends, the Arab investors in B&H are mostly attracted by inexpensive land and labor. They are building thousands of houses and hotels near the capital city of Sarajevo, thus making an excellent promotion for B&H, for the middle class that is looking for a new destinations that could become an alternative to the Swiss resorts.

This is also a stimulus for the economy of B&H, which is still recovering from the war and struggling with unemployment of over 40 %. All the construction is performed by local companies which are providing new workplaces.

“Tourism in B&H has a bright future. This country is beautiful,” said Jasem Ahmed Al Kanderi, head of the Gulf Estate Company from Kuwait. His company built and recently opened the first Arab Resort in B&H. It is located southwest of Sarajevo, and it includes 160 individual houses and apartments and artificial lake. This fenced community is offering swimming pools, supermarkets, sports object and view on the mountains where the Olympic Winter Games were held back in 1984.

“This is a tourist resort but also an opportunity for investment,” added Al Kanderi. “We managed to promote the tourism potential of B&H in the Gulf countries, and we are proud to be among the first ones to finish the project.”

However, a project of 25 million EUR seems “small” compared to the one planned by Ismail Ahmed, head of the Buroj Property Development from Dubai.

Buroj Ozone, which is located at an altitude of nearly 1,000 meters and an average summer temperature of 25°C, can offer a refuge for tourists from the United Arab Emirates, from the summer temperatures ranging up to 49°C in Dubai.

In the last few years, B&H recorded significant increase in tourism. Visitors from the East and the West are flocking to Sarajevo to see the “little Jerusalem” – the city with a great history where mosques, Jewish temples, Catholic and Orthodox churches are located side by side.

In comparison to the last year, tourism showed an increase of about 30 %, and most of the visitors are coming from Germany and Austria. However, visits from the Gulf countries are rapidly growing. Number of Kuwaitis tripled this year and amounted to 33,000.

https://www.youtube.com/watch?v=ZbrZya7Glr8

(Source: novovrijeme.ba)

The Summer Tourist Season opened in Trebinje
Residents of BiH can now use the Four-seater Cable Car
Sokolac to get a Hotel for Sports-Recreational Tourism soon?
Residents of Sarajevo enjoyed another beautiful Day on the Streets (Gallery)
Tourist Offer B&H on the WTM Fair in London
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Tomislavgrad: Illyrian Graveyard found during the Construction
Next Article Srecko Acimovic charged for Genocide in Srebrenica
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

New Steelwork Zenica is threatened with Bankruptcy and Layoffs for 1,890 Workers
May 28, 2026
New Price Increases in Bosnia and Herzegovina
May 28, 2026
Former HR Call to Abolish the OHR – BiH Needs a Fresh Start
May 28, 2026
Court of BiH acquitts Durakovic of War Crimes in the area of Cajnice
May 28, 2026
Two Visits in One Month: Dodik and Republika Srpska Delegation Return to Moscow
May 28, 2026
Prosecutor’s Office suggests Prusac’s Detention to be extended for another Two Months
May 28, 2026
EBRD supports digital and green transformation of SMEs in BiH
May 28, 2026
The Ministry of Interior of the Sarajevo Canton is hiring 220 Police Officers
May 28, 2026
The White House denies the Report on the Memorandum with Iran
May 28, 2026
Who Will Be the New High Representative?
May 28, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?