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: Green Light for Saudi Fund Projects in Goražde
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 > BUSINESS > Green Light for Saudi Fund Projects in Goražde
BUSINESS

Green Light for Saudi Fund Projects in Goražde

Published: July 27, 2016
Share
SHARE

gorazde (1)Implementation of significant infrastructure projects that will be funded with credits from the Saudi Fund for Development will begin in Goražde soon, it was confirmed during yesterday’s visit of the delegation of this Fund to the Municipality of Goražde.

According to the agreement signed between BiH and the Saudi Arabia, the Municipality of Goražde will get six million dollars for reconstruction of secondary water supply network, construction of a bridge, and repair and reconstruction of roads.

“We in Goražde finance infrastructure projects that amount to around 20 million Saudi Arabian riyals, or eight million dollars. We will also monitor the implementation of other projects that are in connection with the Saudi Fund for Development. We are active in BiH since 1996, therefore the amount of money that we invested in BiH so far is around 590 million riyals. Those are grants and loans that we gave in BiH. Regarding the implementation of projects in the Municipality of Goražde, the protocol was signed two months ago and funds were approved for Goražde. As the projects are implemented, the money will be distributed in the way that we agreed to previously,” stated Mohammed Al Dalilan, representative of the Saudi Fund for Development.

The Municipality confirmed that only formal procedures are in the way to the beginning of works.

“We have prepared all the projects, implemented the necessary procedures, chosen the contractor. We can start signing contracts with seven chosen companies very soon and officially launch the works. Today we got the green light, so works on all projects can begin. We are especially happy because of the water supply network because we know that citizens have a lot of problems and that will be the first project,” said Muhamed Ramović, Mayor of Goražde.

Construction of a bridge in the settlement Vitkovići, reconstruction of the secondary water supply network and repair and reconstruction of the roads Osanica – Ilovača and Mravinjac – Berič are projects on which seven companies will work. The companies will be paid directly by the Saudi Fund. Ratification of the agreement in the national parliament is being waited for, but the Municipality stated that this will not condition the works. The Municipality will start working on all projects at the same time no later than one month from now, immediately after the signing of contracts with the selected contractors.

(Source: klix.ba/photo: zeportal.net)

Turkish Company Interested in Infrastructure Projects in the RS
SASE is organising the first regional conference on capital market in the function of development
How BiH benefited from the largest Trade Dispute in the World
With constant Price Increases, Pensions are not enough to live on
Fifth Year of Information Technology Fair
TAGGED:#Fund#Gorazde#infrastructure#projects#Saudi
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 Mladen Grujičić in the Race for the Mayor of Srebrenica
Next Article Operational Group for Combating Terrorism to start operating?
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

Kerim Alajbegovic could set a new Juventus Record Tonight
October 15, 2026
Supreme Court of the FBiH Imposes Restrictive Measures on Minister Vojin Mijatovic
October 15, 2026
Football Association BiH Could Receive Millions from FIFA
October 15, 2026
Restaurant in Malaysia introduces a Buffet featuring Bosnian Dishes
October 15, 2026
VKBI supports the Construction of a Memorial to the Victims of the Srebrenica Genocide in Canada
October 15, 2026
Who will sing for the New Year Celebrations across BiH?
October 15, 2026
Formation of the Government after the Election: What do the Laws say and where are the Blockades threatening?
October 15, 2026
Minister Balavac reminds: Law on Sunday work remains in Force
October 15, 2026
Dzeko’s Farewell Match Jersey sold in Humanitarian Campaign
October 15, 2026
Council of Ministers of BiH to discuss the Execution of the Budget of the Institutions of Bosnia and Herzegovina
October 15, 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?