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Reading: Investors from Kuwait are interested in the Property of Zeljezara in Zenica
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Sarajevo Times > Blog > BUSINESS > Investors from Kuwait are interested in the Property of Zeljezara in Zenica
BUSINESS

Investors from Kuwait are interested in the Property of Zeljezara in Zenica

Published: November 5, 2022
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The workers of Zeljezara Zenica are still waiting for the sale of their property in order to bridge their prior service, and buyers from Kuwait are also interested in their properties.

The Zeljezara Zenica is long gone, but the workers’ problems are still present, considering that around 280 people do not have bridged service. 80 of them are still working, and about 200 have been sent to the Employment Service.

For one worker, 40 to 45 thousand BAM is needed. The representative of the Zeljezara Zenica Workers’ Union, Avdija Halilovic, says that the sale of bankruptcy assets is slow, that buyers expect to get something for nothing, but that this will not happen.

”People expect to get something below cost, but nothing is for free. We had an appraiser who evaluated the property and that is the price. If someone wants to buy, they will buy,” Halilovic said.

He explained that the sale of smaller parts up to about one million BAM is better and that these funds are used for health care when applying for public invitations from the Federal Pension and Disability Insurance Institute. Part of the directorate building has been sold and a private clinic is being built on that site, while foreigners are also interested in larger properties.

”We are always in contact with the bankruptcy trustee. We have meetings and we have had inquiries from Kuwait about the Hotel Internacional and the Bistricak complex, and we are waiting for a response from them. As we know, they are quite interested in these properties,” Halilovic explained.

Moreover, he added that the price of 9 million BAM is realistic considering that it is a hotel with underground garages, in the city center and near the stadium, which is always full during football matches.

In the end, he said that three or four people work in the wrought iron plants and that with a more serious approach by the Federation of Bosnia and Herzegovina (FBiH) Government, which is their owner, up to 150 workers could work there, Klix.ba reports.

E.Dz.

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