The recent revelation that the largest investment ever announced in Tuzla, worth about one billion BAM, has failed, has garnered a lot of attention and reactions.
It should be mentioned that this concerns the construction project of the residential and commercial complex Crystalico in Tuzla, announced five years ago, but the realization never commenced.
The investor is the company ARBA, owned by Marlon Afzal Abdoelrahiman and Mohammed-Azem Rodjan, with addresses in the Netherlands. The construction of the complex was planned on the site of the former Steel Foundry in Tuzla, which was bought by the mayor of Kalesija, Sead Dzafic.
In the last 4 years, the ARBA company had 0 BAM in revenue. Last year, it operated at a loss of 30.000 BAM and had one employee. The company has assets of around 400.000 BAM, but also liabilities of about 620.000 BAM.
Abandoned due to unstable political situation
Sead Dzafic explained why the project was not realized. According to him, the reason for this is the unstable situation in the country.
“This political situation in the country, people from abroad simply don’t want to invest anything until it settles down. This is not a small investment, so for now, there’s nothing,” said Dzafic.
Dzafic is still the owner of the Steel Foundry and its real estate. He says he has a pre-contract with the Dutch investor.
He says everything was in full swing, but then turmoil began, and everything stopped because of it.
Was supposed to be the new symbol of Tuzla
The entire complex is based on the idea of salt crystals, which is the symbol of Tuzla. Crystalico was supposed to consist of five unique towers in the shape of salt crystals, and construction was supposed to last more than five years.
The complex was supposed to contain residential and commercial spaces, restaurants, salons, children’s playgrounds, as well as landscaped roads with roundabouts, Biznis Info writes.
E.Dz.
