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Saudi investors, Turkey pledge to invest in Bosnia

Posted on 07 April 2011

Saudi investors pledged on Wednesday to invest in Bosnia with $50 million starting capital and Turkey said that one of its banks will extend credit lines for infrastructure projects.

Officials from the Middle East and Turkey said they wanted to help development of Bosnia, a Balkan country impoverished during the 1992-95 war where a large Muslim population lives alongside the Orthodox Serbs and Catholic Croats. The Islamic Development Bank (IDB), Al Baraka banking group and other Saudi investors have formed a joint investment company for Bosnia, said Saudi Arabia’s Sheikh Saleh Kamel, the chairman of the Islamic Chamber of Commerce and Industry……………………………………..Full Article: Source

 
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