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DUBAI: BUROJ PROPERTY TO INVEST US$ 4.8 BILLION NEAR SARAJEVO.

Summary: Dubai-based developer Buroj Property Development plans to invest US$ 4.8 billion to build a luxury

tourist resort near Sarajevo, Bosnia, according to Reuters.

Dubai-based developer Buroj Property Development plans to invest US$ 4.8 billion to build a luxury

tourist resort near Sarajevo, Bosnia, according to Reuters.

The Ee"Buroj OzoneEe" would stretch over an area of 1.3 million square meters and include thousands of

housing units, hotels and the largest shopping center in Bosnia. It would be located in the municipality

of Trnovo which lies below the Bjelasnica and Igman mountains, venue of the 1984 Winter Olympic

Games, around 20 kilometers from Sarajevo.

Construction on the project would commence in April or May next year pending a resolution of

regulatory issues and necessary permits from the Trnovo municipality, which would lease the land to

Buroj Property Development for 99 years.

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Publication:EMBIN (Emerging Markets Business Information News)
Date:Oct 14, 2015
Words:159
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